Dubai PR Network, Online Press Release from Dubai and Middle East
 
Money, Business & Investments(Banking & Investments)
Filter PR by
  
DED Ajman's business confidence index score reaches 116 points during Q1 2018
 

UAE, July 2, 2018- The Department of Economic Development in Ajman (DED Ajman) has achieved a remarkable business confidence index score of 116 in the first half of 2018, up from 109 points in the first half of 2016. The high score, which reflects the positive prospects within the local business and investment environment, is due in part to the department’s efforts to attract more regional and global investments to Ajman and raise its international competitiveness.’

Additionally, the 7-percentage-point increase is attributed to increased demand, vibrant construction opportunities, robust exports, and higher tourist arrivals. The results also show that the business confidence index for the local small and medium enterprise (SME) sector went up to reach 114 points in the first half of this year versus 108 points during the same period of 2016. The findings cited higher corporate sales revenues due to the stability and optimism prevailing within the business environment.

Zahra Al Bannai, Director of Planning and Business Development said: “The growth is the culmination of our ongoing efforts to organize economic affairs, revitalize the business sector in the emirate, and provide the economic infrastructure required to diversify the economic base and develop economic sectors. This is in line with the national directive towards placing Ajman among the most attractive destinations for investments locally and regionally. These results indicate a positive prediction for the local business environment and an optimistic view from the companies about the prospects and opportunities that are available in Ajman. This leads us to move forward to improve the services provided to the investment community and attract more investments to the vital sectors in order to realize the objectives of Ajman Vision 2021 to boost sustainable development and promote the emirate’s reputation as a global destination for trade and investment.”

Al Bannai added: “This positive development also reflects the confidence of large companies and SMEs in Ajman.  We are keen to enhance business and economic activities by providing commercial protection and control over economic establishments and organizing fair competition among them while establishing businesses in the hope of creating a fair economic environment that meets the aspirations of our investors. The department seeks to achieve the highest levels of economic competitiveness and leadership at the regional and global levels, while enhancing the emirate’s investment climate.”

Ajman reports positive economic and business activities, with 71 per cent of surveyed companies saying they didn’t face obstacles to their business operations in the first half of 2018 compared to the 52 per cent recorded in the first half of 2016. Companies in the transport sector and trade and retail are more optimistic, where 100 per cent and 98 per cent, respectively, are confident that they are not going to experience major business challenges during the second half of 2018.

The survey included 93 non-exporting companies in Ajman. The Business Confidence Index for the exporters category reached 131 points in the first half of 2018. The survey showed that exporters' expectations are much better than non-exporters, with 58 per cent of exporters expecting an increase in revenues in the first half of this year compared to 33 per cent of non-exporters.


Posted by : Dubai PR Network Editorial Team
Viewed 1513 times
PR Category : Banking & Investments
Posted on : Tuesday, July 3, 2018  7:36:00 AM UAE local time (GMT+4)
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of DubaiPRNetwork.com.
Previous Story : Khalifa Fund and startAD invite Emirati entrepreneurs to app...
Next Story : Al Ansari Exchange named “UAE Superbrand” for the 13th year ...
Email this article Print this article

Share this article with your friends and followers
NewsVine
Back to Section Home

Related Stories



 
 
Most Viewed Press Release posted in the last 7 days
Express Your Signature Style [13780-Views]
The Memovox Adventure [12676-Views]
Cerruti 1881 Infinite Love [12548-Views]
OMEGA's second "Speedy Tuesday" sells in 01:53.17 [9967-Views]
Olivia Burton Watercolour Florals [8552-Views]
Ulysse Nardin Salutes Us Navy With Limited Edition Executive Skeleton Tourbillon [8333-Views]
Oh, Sweetie Lipcolour! [7832-Views]
Innovative Chronofighter Superlight Carbon is replete with Graham's formidable motorsport ... [7302-Views]
New short indie movie ‘The Peril' is a wake-up call to parents about internet safety for k... [7210-Views]
Travel Light with Beauty Essentials from Glambeaute.com [7033-Views]
Beat the heat with mini dresses [6893-Views]
Marchon Eyewear and G-III Apparel Group Sign Exclusive Global Licensing Agreement For DKNY... [6753-Views]
Jaeger-Lecoultre Main Sponsor of the 75th International Film Festival of La Biennale Di V... [6692-Views]
Tissot T-Race Cycling An adrenaline-fuelled ride [6521-Views]
DKNY Fall 2018 [6240-Views]
Summer Love by Mouawad [5612-Views]
Enjoy an all-day breakfast at Sophie's Café [5551-Views]
Inspired by legends, worn by new heroes, PUMA FOOTBALL brings you the AC MILAN 2018/19 Awa... [5289-Views]
Dubai Camel Racing Club Honours Al Tayer Motors [5234-Views]
Go Down Memory Lane with Fashion Trends from the '90s [5136-Views]
Open Dairies by Parmigiano Reggiano Consortium: A gastronomical event for tourists and foo... [5087-Views]
Tommy Hilfiger Dressed Up Collections [5026-Views]
DHL Express drives energy efficient solutions with new electric vehicles in Dubai [4892-Views]
DS Podium Chronograph - Sporty as ever, now with PrecidriveTM [4728-Views]
Enjoy DSS 2018 Offers at Parah [4612-Views]
 
RSS Facebook Twitter LinkedDin
 
Top Sections
 
Top Stories