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AJMAN / WAM
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 the AFZ, as of the end of Q1 2018, increased to 12,362, showing a significant growth of 28 percent over the corresponding period last year, as the free zone is becoming an essential hub for many companies operating in different sectors, such as trade, services, jewelry, consultancy and others.
During first quarter of this year, 783 new companies registered with the AFZ, operating across diverse domains, including import and export businesses, which account for 46 percent of the newcomers, the service sector saw 9 percent, and the gold and diamond trade comprises 3 percent of the newly registered activities.