Ajman Free Zone reaffirms strong position as investment destination

Ajman Free Zone reaffirms strong position as investment destination

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Ajman / WAM

Ajman Free Zone reaffirms strong position as investment, business destination with 1,792 new companies in 2021

The Ajman Free Zone (AFZ) announced the results of its operational performance for 2021 and marked an increase in the number of registered companies by 1,792.

The four percent growth attained by the AFZ compared to 2020 indicates the growing confidence of foreign investors and companies in the free zone’s portfolio of facilities and incentives. The results also showed a high occupancy rate in offices, warehouses, and business spaces within the AFZ, an increase in the sources of incoming investments and a rise in exports and re-exports.

Sheikh Ahmed bin Humaid Al Nuaimi, Chairman of the Board of the Ajman Free Zones Authority, said, “As an organisation, which holds a leading position in making vital contributions toward the growth and diversification of the national economy, the AFZ will continue offering solutions and ideal environment for the growth and expansion of businesses, to attract companies from around the world. AFZ has earned its position as a strategic destination for regional and international investments.”

In the previous year, the AFZ has also