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The boom of Ajmanâs now well established and highly competitive economy began with the Department of Economic Development (DED), a division of the Municipality and Planning Department, before it became an independent local authority in 2011. During that year, H.H. Sheikh Humaid bin Rashid Al Nuaimi, the Ruler of the Emirate of Ajman and a Member of the UAE Supreme Council, issued Emiri Decree No. (1) on the reorganization of the DED in Ajman to achieve the emirateâs sustainable economic development as well as create a fair investment landscape & consumer environment to attract national & foreign investments. The reorganization also sought to provide adequate information and data on the economic activities and investment opportunities in the emirate.