21 April 2010
More than 300 new companies have opened in Ajman during Q1 of this year, reflecting high confidence in the emirate's economy.
Mohammed Abdullah Al Hamrani, Director-General of the Ajman Chamber of Commerce and Industry, told Emirates Business that this figure is significant in light of the global economic downturn.
"The emirate has seen a little reduction in the companies opening in the emirate, especially from December 2008 to January 2009. However, the figures showed steady increases since then," he said. "Having 332 new companies opening in Ajman during a period of three months is an indicator of recovery and increasing confidence in the emirate's economy."
The growth is also reflected within the quarter itself - 91 new companies registered in January, 103 in February, and 138 in March, said Al Hamrani.
The total number of companies, new and renewed, recorded a 4.4 per cent increase - from 5,086 in Q1 2009, to 5,314 in Q1 2010 - and this "signifies a steady recovery", said the official. On steps to encourage investments, Al Hamrani said the chamber had formed business councils covering nine top sectors.
By Eman Al Baik
© Emirates Business 24/7 2010
More than 300 new companies have opened in Ajman during Q1 of this year, reflecting high confidence in the emirate's economy.
Mohammed Abdullah Al Hamrani, Director-General of the Ajman Chamber of Commerce and Industry, told Emirates Business that this figure is significant in light of the global economic downturn.
"The emirate has seen a little reduction in the companies opening in the emirate, especially from December 2008 to January 2009. However, the figures showed steady increases since then," he said. "Having 332 new companies opening in Ajman during a period of three months is an indicator of recovery and increasing confidence in the emirate's economy."
The growth is also reflected within the quarter itself - 91 new companies registered in January, 103 in February, and 138 in March, said Al Hamrani.
The total number of companies, new and renewed, recorded a 4.4 per cent increase - from 5,086 in Q1 2009, to 5,314 in Q1 2010 - and this "signifies a steady recovery", said the official. On steps to encourage investments, Al Hamrani said the chamber had formed business councils covering nine top sectors.
By Eman Al Baik
© Emirates Business 24/7 2010
