Ajman marked a major milestone with the signing of a Memorandum of Understanding (MoU) for the development of the emirate’s port (Ajman Port), aiming to enhance its infrastructure through a joint investment of AED1 billion ($272.3 million).
H.H. Sheikh Ammar bin Humaid Al Nuaimi, Crown Prince of Ajman and Chairman of the Executive Council, observed the signing of a Memorandum of Understanding (MoU) between the Department of Port & Customs Ajman (DPC) and Hutchison Ports, a renowned global investor, developer, and operator in the port industry. This agreement aims for the expansion and enhancement of Ajman Port’s infrastructure.
As part of the MoU, a comprehensive development plan will be established for Ajman Port, adhering to the highest global standards. Moreover, the primary objectives include improving handling efficiency regarding performance, safety, and operational speed; attracting new shipping lines; aligning with digital transformation initiatives; and launching AI-driven programs for port operations. Additionally, this effort will be executed through an integrated 15-year strategy focused on managing, operating, and developing the port, thereby reinforcing its status as a pivotal logistics hub in the region.
Economic impact
H.H. Sheikh Ammar bin Humaid Al Nuaimi remarked: “We welcome the signing of the MoU between the Department of Port & Customs Ajman and Hutchison Ports, which paves the way for a strategic, exceptional, and vital project that reflects the status of Ajman and supports its Vision 2030, enhancing its leadership and competitiveness on the global economic map.”
He further stated, “The Emirate of Ajman enjoys a developed and attractive investment environment, supported by a continuously evolving business ecosystem and the opening of new horizons for local and foreign investment. We believe that port development is an investment in the future of trade, food security, and economic growth.”
The Crown Prince of Ajman also underscored that the development of Ajman Port will play a crucial role in invigorating the local economy by supporting supply operations and streamlining export and import activities through the establishment of sustainable, eco-friendly infrastructure, while also prioritizing the development of national talents and equipping them with contemporary port management skills.
Milestone for Ajman Port
The MoU was signed by Sheikh Dr. Mohammed bin Abdullah Al Nuaimi, chairman of the Department of Port & Customs Ajman, and on behalf of Hutchison Ports by Andy Tsoi, managing director for the Middle East and Africa Division at Hutchison Ports.
Sheikh Dr. Mohammed bin Abdullah Al Nuaimi expressed that the MoU embodies the aspirations of H.H. Sheikh Humaid bin Rashid Al Nuaimi, Supreme Council Member and Ruler of Ajman, and H.H. Sheikh Ammar bin Humaid Al Nuaimi, Crown Prince of Ajman and Chairman of the Executive Council, to forge strategic partnerships centered on technology transfer, expanding investment opportunities, and establishing an integrated operational system grounded in the highest international standards in maritime and logistics operations.
He also noted that the MoU signifies a significant milestone in strengthening Ajman Port’s role as a strategic hub within the UAE’s and the region’s maritime transport network, particularly considering that this partnership has demonstrated its effectiveness and success at Ajman Port since 2011.
