Ajman Free Zone eyes greener pastures; seeks to expand global outreach

Ajman Free Zone (AFZ) announced its plans to open hub offices in five key markets across the world, to increase investment influx in the UAE. The markets– Azerbaijan, China, Switzerland, Canada, and Hong Kong—will be added to AFZ’s list of international offices, which also include Cyprus and Moscow.

AFZA’s announcement comes in accordance with its goal to attract investors into the UAE from across Asia, Africa, and Europe, which has resulted in the free zone housing over 22,000 enterprises from diverse geographies of the world.

Mahmood Al Hashemi, director general, Ajman Free Zone, said: “Our international offices help us reach out to potential investors on a sustainable basis. Geographically, AFZ has been registering a lot more diversity in the uptake of our smart investment packages which are tailor-made for startups, e-commerce firms and SMEs – and we have been registering increasing global interest, particularly from companies looking to have nimble marketing hub setups in this region.”

He added Ajman Free Zone was a pioneer in offering easy investment options to investors such as varied installment options from one or two payment frequencies up to 12 monthly installments, smart office and warehouse spaces that are scalable upwards whenever investors are ready to expand.

Faisal Al Nuaimi, deputy director general, AFZ, said: “Our global strategy of investment sourcing is unique. We chose markets where AFZ sees potential after a thorough study assessing the investment appetite of companies in these markets, particularly in a context of their global expansion plans focused on the Middle East and North Africa (MENA) and the Indian Subcontinent, or markets in geographical proximity to the UAE. AFZ offers an excellent hub and vantage point for these global companies to grow their business.”