UAE - Ajman Media City Free Zone has noted that the increasing number of investors in the free zone is a positive sign of confidence among the global entrepreneurs and small and medium enterprises (SMEs) owners.
Sheikh Abdul Aziz bin Humaid Al Nuaimi, chairman of Ajman Media City Free Zone, said: “The growing numbers of new companies in Ajman Media City Free Zone is a testament to how our free zone is helping UAE become a global destination for media, entertainment technology businesses and entrepreneurs.”
“The core objective of Ajman Media City Free Zone was to develop a world class, competitive and customer friendly creative hub for the entrepreneurs,” he said.
“Since our launch in 2018, over 2,000 entrepreneurs and SMEs owners in diverse sectors of media, entertainment, tech and digital media have set up their operations here. We are very confident that the numbers of our customers will increase significantly in the first quarter of 2020,” he added.
Cost competitiveness, speedy set-up and ease of doing business are the most compelling reasons for companies choosing Ajman Media City Free Zone according to most of the CEO's and owners who set their base in Ajman Media City Free Zone.
Mahmood Al Hashmi, CEO of Ajman Media City Free Zone, said: “The recent PwC global outlook report suggests that globally media and entertainment industry revenues will reach $792.3 billion by 2022.”
“The topmost concern of the CEO’s of this industry is to find sustainable ways to stay ahead of the competition and do so in a cost-effective manner. We can address these concerns of the SME owners and give them easy access to Middle East North Africa and Indian sub-continent. We continue to receive high response from the key markets of Russia, China, India, Europe and the US,” he added.
Ajman Media City Free Zone milestone decisions include: Fast track set-up and licensing process; removing the eChannel deposit requirement; removing all security deposits related to visa processing to lower the cost of setting up business; the investors can set up a business without the mandatory visit to UAE and reduce the start-up costs significantly; start-up packages to suit a range of investment needs, budgets and requirements. – TradeArabia News Service
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