Around 8000 companies now trade from Ajman Free Zone
Free Zone companies now contribute 32% of Ajman’s total exports and 60% of re-exports, according to Ajman Chamber of Commerce
Investor companies attracted by wealth of benefits offered
Ajman: The number of businesses choosing Ajman Free Zone to locate their operations continues to increase in the first six months of 2019 with 8.23%. The total number now stands around 8000.
In addition to this, there to 91% of those companies who were contractually obliged to re-new, with the demand for business offices representing the largest number of license types issued, followed by smart offices and then warehouses.
The provision of licenses during the first half of this year covered a range of types including e-commerce, general trade and industrial licenses.
According to Ajman Chamber of Commerce, during the period, Ajman Free Zone companies have contributed 32% of Ajman’s total exports and 60% of re-exports.
The Free Zone’s endeavours to be the preferred destination for local, regional and international businesses have seen its participation in a diverse range of major trade fairs and conferences held with the UAE and in a wealth of overseas locations, including India, Russia and China. The organization has been able to convey the myriad benefits on offer in the Emirate, including convenient access to ports and tax-exemption, as well as Ajman Free Zone’s innovative approach to the business set-up and management process which has undergone an ambitious digital transformation in the past six months.
“These figures reflect Ajman Free Zone’s appeal among business owners and the great benefits that we offer them, including smart applications and an e-platform that is aimed at making business management simple, easy and accessible from anywhere”, said H.E Fatima Salem, acting General Manager, Ajman Free Zone. “We are working very hard to drive forward innovation in everything that we do, which is being very well received, and we are very pleased to welcome new companies to the Free Zone. It’s also highly encouraging that existing Ajman Free Zone businesses have made expansion requests – they are obviously thriving and prospering. We promise our full support in assisting both existing and new companies to achieve their goals,” she added.
About Ajman Free Zone: Ajman Free Zone has played a pivotal role in becoming Ajman’s biggest contributor to prosperity and happiness. As part of Ajman Vision 2021 and the greater UAE vision 2030, Ajman Free Zone is undergoing a major redevelopment. The key components of this redevelopment are centered around Ajman Free Zone's general business operations, digitizing the business, partnering with key stakeholders and investors, developing and expanding infrastructure and tapping into new target sectors. The free zone has become more future-focused and is investing heavily in diversifying its portfolio in areas such as Advanced Technology, Artificial Intelligence, Nano Technology, as well as in Education, Health and Retail. These new target sectors and partnerships aim to not only attract new business but equally important, create a dynamic and holistic environment for the Emirate of Ajman - one with greater access to international markets and a bigger opportunity for collaboration.
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© Press Release 2019