Ajman Free Zone announced the results of its operational performance for 2021 and marked an increase in the number of registered companies by 1,792.
The 4% growth attained by 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 indicated a high rate of occupancy 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.
His Highness Sheikh Ahmed bin Humaid Al Nuaimi, Chairman of the Board of Ajman Free Zones Authority, said: “As an organization, which holds a leading position in making vital contributions toward the growth and diversification of the national economy, 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, AFZ has also marked a 90% in rental units’ occupancy rate, which extends over more than 867,000 sqm, reflecting the momentum of business and investment activities. Ajman Free Zone has extensive business facilities, 530 warehouses, more than 7,000 offices, and 4 business complexes.
AFZ, also marked another milestone in 2021, following its successful completion of 100% automation and digitization of its services. During this period, AFZ also provided more than 240,000 e-transactions through its Customer Portal, a smart platform that offers an array of five-star rated solutions for government digital services.
Further, Ajman Free Zone also strengthened its leading position as an active contributor to the export and re-export activities within Ajman, with AFZ contributing 22% of total export activities and 24% of total re-export activities in Ajman during 2021.
H.E. Eng. Ali AlSuwaidi, Director General of Ajman Free Zone, stated: “Ajman Free Zone’s results for 2021 is testament to the strength and efficiency of our operations and highlights our successful strategy. The surge in the number of new companies registered with AFZ across several vital sectors reflects the growing confidence in the competitive advantages offered by the free zone as a business incubator and the efficiency of its value-added solutions.
“We also express our gratitude to AFZ’s business community, strategic partners, and employees, who play a vital role in our continued successes. We are positive that this achievement will act as a catalyst in enhancing our operations and solutions to meet the growing and varied aspirations of business communities and investors.”