Ajman Chamber and Ajman Bank discuss opportunities for growth of the private sector businesses

In order to achieve the UAE’s objectives in the various industrial, commercial, service, tourism, real estate, and infrastructure sectors, H.E. Eng. Abdullah Al Muwaiji, Chairman of the Ajman Chamber of Commerce and Industry (ACCI), applauded the banking industry’s efforts. Additionally, it is essential in providing a range of creative financing options to assist the expansion of private sector businesses and businesses owned by individuals, raising both the GDP and export volume.He stated that the rise in global economic inflation indicators requires banks to consider reducing financing fees in support of enhancing the growth of the economic sector in general.

This came during his meeting at the Ajman Chamber’s headquarters with Mustafa Al Khalfawi, CEO of Ajman Bank, in the presence of H.E. Sheikh Sultan bin Saqr Al Nuaimi, Second Vice Chairman of Ajman Chamber, H.E. Salem Al Suwaidi, Director General, Mohamed Ali Al Janahi, Executive Director of the Trade Development and International Relations Sector, and Maryam Al Shehhi, Director of the Financial Resources Department at Ajman Chamber.

Al Muwaiji greeted everyone to the meeting and congratulated Mustafa Al Khalfawi on his appointment as CEO of the Ajman Bank at the outset. In order to increase opportunities for collaboration between Ajman Bank and private sector establishments that are members of the Ajman Chamber and to provide innovative financing packages that keep pace with business owners’ aspirations, he emphasized that the Ajman Chamber is eager to strengthen relationships and partnerships with Ajman Bank and open sustainable channels of communication. This is especially true given that the Ajman Chamber serves as the primary entryway to the private sector.

He also referred to the necessity of opening a channel for direct communication between Ajman Bank and the owners of establishments through Ajman Chamber’s strengthening relation efforts by visiting its member companies and factories according to its field visits plan, and by providing the opportunity for Ajman Bank’s representatives to introduce their services and collect the ideas and proposals of business owners regarding services and financing packages.

For his part, Mustafa Al Khalfawi presented an overview of Ajman Bank’s efforts to develop its services and launch sustainable quality services as a major contributor to achieving the strategy and objectives of economic development in the emirate of Ajman, in particular, and the country, in general. It provides a wide range of high-level banking services to all categories of clients, including individuals and government institutions and bodies in the UAE.

As the Ajman Chamber seeks to maintain its position as a business incubator for owners of innovative ideas and projects related to the industrial sector, the field of data and artificial intelligence, the attendees recommended the importance of holding regular joint meetings between the Ajman Chamber and the Ajman Bank to discuss opportunities for cooperation and develop financing products that are encouraging and directed to male and female entrepreneurs and business owners.

At the conclusion of the meeting, Abdullah Al Muwaiji presented the Ajman Chamber’s commemorative shield to Mustafa Al Khalfawi in appreciation of the effective and fruitful cooperation between Ajman Chamber and Ajman Bank.