Search DubaiPRNetwork.com

Home >> Banking & Investments

New business licences in Ajman Free Zone increase 28% to 12,362 in Q1 2018

New business licences in Ajman Free Zone increase 28% to 12,362 in Q1 2018

Saturday, June 2, 2018/ Editor -  

Share

Home >> Banking & Investments

Dubai, UAE, June 2, 2018:  The strategic and dynamic location of the Ajman Free Zone (AFZ) plays a significant role in driving the commercial and industrial sectors in the emirate in particular and in the UAE in general, with the AFZ management stepping up efforts to maintain its investment-conducive environment as a leading business hub in the region.

The number of companies registered with AFZ until the end of Q1 2018 increased to 12,362, showing a significant growth of 28% over the corresponding period last year as the free zone is growingly becoming an essential hub for many companies operating in different sectors, such as trade, services, jewelry, consultancy and others.

During the first quarter of this year, 783 new companies have registered with AFZ, operating across diverse domains, including import & export businesses, which account for 46% of the new comers, the service sector around 9%, and the gold & diamond trade comprises 3% of the newly registered activities.

Commenting on the first quarter performance, Fatima Mohammed Salem, Acting Director-General of Ajman Free Zone, said that the growth of the industrial-cum-commercial sector in the emirate, to which AFZ has significantly contributed, has reflected positively on the economy of the Emirate in general and its budget, with the Zone posting a growth of 28% during Q1 this year.

Ajman Free Zone provides a wide range of innovative services conducive to drawing investment companies from various fields. It boasts sophisticated and integrated infrastructure, and introduces smart solutions to business challenges, with the strategic partnerships it has developed with both the public and private sectors over recent years, and the robust legislation it has introduced playing a significant role in promoting investment and entrepreneurship in Ajman.


Previous in Banking & Investments

Next in Banking & Investments


Home >> Banking & Investments Section

Latest Press Release

Kalyan Silks Flood relief

Dubai Health Authority officials to get leadership training

Etihad airways operates iconic a380 to maldives to celebrate new male runway ope ...

The Ferrari Monza SP1 and SP2 unveiled – the first models in a new concept of li ...

Hyperloop Transportation Technologies, Partners, and Government Stakeholders Mov ...

Maserati is the official car of the 41st Cannes Yachting Festival

Honor Set to Go Beyond Limits With the Launch of Honor 8x

New GUESS Handbags for FW18

Abu Dhabi Takes Top Spot in 2018 Safest Cities in the World Ranking

ENEC Highlights Importance of International Cooperation and Capacity Development ...

BurJuman Arjaan by Rotana, Jumeira Rotana and Villa Rotana Back to School with D ...

Hormann introduces flexible V4015 high-speed door ideal for tight spaces

Free ECG and consultation with specialist cardiologist for UAE residents ahead o ...

Japan's Leading Industrial Company Asahi Yuzikai Launches Middle East Operations ...

Dubai Festival City Mall Celebrates KSA National Day with Special Imagine Show

New retirement visas likely to drive long-term inheritance planning for UAE expa ...

Dubai to host 13th IAMRA conference in 2018

Malaysia Eyes Dubai to Explore Markets in the MENA Region

KidZone launches a new daycare with ‘under the sea' theme in Ras Al Khaimah

Huawei becomes one of the first multi-national technology companies to register ...