Dubai, United Arab Emirates: Creative Zone, the largest and most trusted business setup advisory firm in the UAE has acquired a stake in InsuranceMarket.ae™, the largest consumer insurance brokerage in the UAE. The acquisition is part of a strategic partnership to further the growth of an ecosystem to support SMEs and entrepreneurs set up, sustain and grow their businesses in the UAE. The alliance with InsuranceMarket.ae™ continues the evolution of Creative Zone to provide added value business support services to this vital sector for the UAE’s economic development.
The SME sector employs 85% of the country’s workforce in the non-oil private sector and the contribution of the SME sector to the UAE’s GDP is estimated at 53% in 2019 according to the Federal Competitiveness and Statistics Authority’s report.
Commenting on the acquisition Steve Mayne, Managing Partner, Creative Zone said: “We are continuously striving to actively contribute to the UAE’s position as the global location of choice for doing business for SMEs and entrepreneurs. We aim to become a catalyst that not only simplifies the business setup process, but a one-stop shop for all the business requirements to facilitate ongoing sustainable business growth and success. We are continuously evolving our offering to provide added business support services and the strategic partnership with InsuranceMarket.ae™ marks the next step in this journey.”
Jigar Sagar, Managing Director, Creative Zone added: “We offer an unrivalled transparent ecosystem far beyond business setup, which includes concierge services, office sourcing and design, meeting event and co-working spaces, tax and accounting, payment gateways and currency exchange. Our partnership with InsuranceMarket.ae™ will help us broaden our offering and provide customized insurance services to our clients to support the growth of their business.“
Avinash Babur, Founder & CEO, InsuranceMarket.ae™, “We are proud to have partnered with CREATIVE ZONE who are, like us, the largest and fastest growing organisation in their field. We have an exciting pathway to leverage our association to bring greater value to the public of the UAE, especially to the vital SME sector. I look forward to collaborating with Creative Zone to further enhance the delivery of insurance services in a seamless and digital-first way whilst ensuring that we continue to maintain the highest standards of personalised service and prudent risk transfer advice - not only at the time of comparing and purchasing insurance but also at the stressful time of claiming after an unfortunate event.”
For further information visit www.creativezone.ae or www.insurancemarket.ae
© Press Release 2019