Ajman Free Zone secures 56% purchases from SME, based firms in Q1

These indicators prove the AFZ's commitment to ensure the growth of its companies

  
Image used for illustrative purpose. Emirate of Ajman is the smallest of the emirates by area.Image used for illustrative purpose.

Image used for illustrative purpose. Emirate of Ajman is the smallest of the emirates by area.Image used for illustrative purpose.

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UAE - Mubasher: Ajman Free Zone (AFZ) has secured 56% of its total purchases from small and medium enterprises (SMEs) and other companies based in the area during the first quarter (Q1) of 2021.

The AFZ announced that 25% of this figure comes from the companies licensed in the zone and 31% from the SMEs, according to a press release on Sunday.

These indicators prove the AFZ's commitment to ensure the growth of its companies, attract further investments, and support SMEs, which is considered a vital contributor to the UAE's GDP and a vital resource for the national economy.

The Director General of Ajman Free Zone, Ali AlSuwaidi, said: "This is in line with the government’s strategy to support national entrepreneurship and increase the momentum of SMEs, as they are the largest source of job opportunities in the private sector."

AlSuwaidi added: "We will continue to provide all the facilities and economic accelerators as part of our efforts to empower national businesses and SMEs, all which exceeded 5000 within AFZ."

Source: Mubasher

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