Ajman Free Zone’s efforts accounted for 22 per cent of the total number of contracts made by free zone-based investors
The support has helped increase the total procurement and contracts of AFZ-based SMEs to 12 per cent
Seven per cent growth seen in procurement support during the first five months of the year as compared to 2019 during the same period
As part of its commitment to promote economic growth and continued support to the busines community, Ajman Free Zone’s procurement support to free zone-based investors has increased by 7 per cent (year-on-year) in the first five months of 2020. According to official data, 22 per cent of the total purchases and contracts made by AFZ-based investors from January to May of this year has been concluded through the Ajman Free Zone’s support.
Furthermore, in line with its continued commitment to support the small and medium-sized enterprises sector as a driver for economic growth and one of the pillars of economic diversification in UAE, Ajman Free Zone’s contribution to the Free Zone-based SMEs total purchases and contracts reached 12 per cent in the first 5 months.
Engineer Ali Abdulla Bin Towaih Al Suwaidi, Director General, Ajman Free Zone said: “Ajman Free Zone will continue its leading role as a destination of choice for businesses and entrepreneurs striving for success and growth, enhancing its position as a safe, flexible and world-class investment environment. In line with the directives of His Highness Sheikh Ahmed bin Humaid Al Nuaimi, Chairman of Ajman Free Zone, to empower local business community and foster investment environment, Ajman Free Zone’s procurement support is extended to investors and business leaders from more than 145 nationalities.”
Al Suwaidi stressed that Ajman Free Zone will continue to support the business community through the adoption of sustainable procurement policies, prioritizing the execution of contracts and purchases with Free Zone’s companies and SMEs to enhance Ajman Free Zone’s competitiveness.
“We look forward to further developing our processes and upgrading our services according to comprehensive strategies and creative approaches designed to attract more investments and corporations, as well as to promote Ajman as hub for investments and contribute to the fulfillment of sustainable development goals in line with Ajman 2021 Vision,” concluded Al Suwaidi.
Offering an integrated packages of exclusive services, facilities and advantages, Ajman Free Zone continues to enhance its leading position as an optimal business platform and a hub for companies, entrepreneurs, and investors from across the globe, thereby contributing to the diversification of the national economy.