Ajman Free Zone contributes 29 per cent in Ajman’s total exports and 35 per cent in the volume of re-exports
Ajman Free Zone (AFZ) announced that it witnessed significant growth in the number of newly registered companies in 2020 with a total of 1,717 new companies. Based on the results of its operational performance, it increased by 23 per cent compared to the year 2019.
Offshore companies comprised 11 per cent of the total number of new companies, reflecting the high level of confidence of the international business and investment community as well as the economic competitiveness of emirate of Ajman. The education sector came on top as the most active sector in terms of investment, with a growth of 26 per cent.
The operating performance results for 2020 also showed the technology sector’s remarkable growth in terms of economic and investment activities, which grew by 20 per cent. The growth in the sector has positioned the emirate as a key contributor in providing advanced digital infrastructure necessary for the success of the UAE’s Next 50 Years Plan.
HH Sheikh Ahmed Bin Humaid Al Nuaimi, Chairman of Ajman Free Zone, hailed AFZ’s outstanding achievements during an exceptional period when the world is going through unprecedented challenges due to the spread of the Covid-19 pandemic.
Sheikh Ahmed highlighted that the free zone’s operational performance results for 2020 reaffirms its leading role in driving economic growth and attracting investments into the emirate.
