Economy
From The Report: Ajman 2025
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Ajman continues to diversify its economy with emphasis on manufacturing, trade and sustainable development. In 2023 the emirate’s GDP reached Dh36bn ($9.8bn), led by manufacturing (18.8%), trade (18%) and construction (16.4%). Ajman Free Zone plays a vital role in attracting foreign investment and nurturing small and medium-sized enterprises. Ajman Vision 2030 promotes green development, smart infrastructure and innovation-driven policies that align with broader UAE goals. The emirate’s economic strategy benefits from close coordination between local authorities and federal institutions, facilitating streamlined regulations, digital platforms and economic incentives that strengthen its position as an investment centre. Ajman is poised for long-term, inclusive growth.

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Overview

Dynamic expansion: The emirate is diversifying its economy with a focus on industrial expansion, smart city initiatives and sustainable growth
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Ajman, one of the seven emirates in the UAE, is rapidly gaining recognition for its industrial sector and strategic economic initiatives. Its economy is largely diversified, focusing on the non-oil sector. The emirate has fostered industrial growth in recent years, with contributions from subsectors like food and beverages, textiles and construction materials. It has also embraced modern technology and advanced manufacturing to boost productivity. This commitment is evident in initiatives like the Ajman Smart City project, which integrates smart technology to improve life for residents and businesses. Ajman Vision 2030 outlines a sustainable…

Interview

Enhanced liveability: Saeed Saif Al Matrooshi, Secretary-General, Ajman Executive Council, on how sustainability initiatives are boosting investment levels and resident satisfaction
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Interview:Saeed Saif Al Matrooshi How is Ajman strengthening its position as a destination for living, working and tourism? SAEED SAIF AL MATROOSHI: Ajman’s strategic location and commitment to sustainable development are driving its efforts to enhance appeal for residents, businesses and visitors. Regulatory efficiency, investment-friendly policies and investment in modern infrastructure foster economic growth while preserving cultural identity. The construction of a modern port in Al…

Interview

Digital drive: Saif Al Suwaidi, Director-General, Ajman Department of Economic Development, on how a business-friendly environment and technological shifts boost growth
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Interview:Saif Al Suwaidi What strategies aim to boost government revenue and foster a business-friendly environment in alignment with the emirate’s economic strategy? SAIF AL SUWAIDI: Ajman Vision 2030 sets a roadmap for creating an ecosystem that fosters innovation, entrepreneurship and economic sustainability. Revenue diversification is a cornerstone of the strategy, achieved by promoting investment in high-growth sectors such as technology, tourism and real estate. These efforts are…

Analysis

Vision for growth: The 2025 budget focuses on infrastructure, digital services and safety to drive resilience and community well-being
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In December 2024 Sheikh Humaid bin Rashid Al Nuaimi, Supreme Council Member and Ruler of Ajman, approved the emirate’s 2025 budget of Dh3.7bn ($1bn). The stated goal of the outlay is to support the emirate’s development plans, enhance community well-being, meet public needs and strengthen Ajman’s stature as a preferred destination for living, working and tourism. The priorities laid out by the government include public safety and community cohesion, infrastructure development, local facilities for its residents and broader aims including bolstering outside investment and environmental protection, as well as improving public services delivery…

Analysis

Sustainable future: The emirate’s blueprint aims to foster a green economy through advances in clean energy, waste management and education
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Ajman has been making incremental progress in embedding sustainability across key sectors of its economy. As the smallest emirate in the UAE, its compact size offers many advantages in implementing its green agenda. In policy terms, Ajman has demonstrated a commitment to aligning with national sustainability goals, such as the UAE Vision 2030 and the UAE Green Agenda 2030. Ajman Vision 2030 is a comprehensive roadmap that integrates sustainability as a core principle, aiming to balance economic, social and environmental considerations to ensure long-term development. The vision promotes eco-friendly practices, resource conservation, and the use…

Interview

Supportive ecosystem: Abdullah Mohammed Al Muwaiji, Chairman, Ajman Chamber, on enabling foreign investment and local entrepreneurs
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Interview:Abdullah Mohammed Al Muwaiji In what ways is Ajman working to maintain its competitive edge as a regional centre for business? ABDULLAH MOHAMMED AL MUWAIJI: Ajman has taken significant strides to streamline business operations, attract investment and cultivate an environment conducive to long-term economic growth. The impact of these efforts is evident in the 16% growth in business licences issued in 2024, reflecting a dynamic and competitive economic climate. Key measures include…