Ajman Free Zone eyes investments from five new global markets

Ajman / Emirates Business

In a significant enhancement of its initiatives to attract investments into the UAE from global markets, Ajman Free Zone (AFZ), said that it has identified five new key markets where it will set up hub offices this year as part of its global investor outreach strategy. In a statement, AFZ said the expansion of the free zone’s global footprints follows its highly successful earlier endeavors in attracting investors into the UAE from different parts of the world across Asia, Africa and Europe, which has resulted in
the free zone housing over 22,000
enterprises from diverse geographies of the world.
“AFZ has sourced considerable overseas investments into the free zone, out of which a substantial share is FDI sourced by the free zone’s nine global offices across the world. Over the years, the USPs of AFZ as an investment destination – particularly its investor-friendly smart solutions -, have been widely acknowledged by global investors as a one-of-its-kind, especially for new entrepreneurs who would like to have a scalable platform to grow their business,” said Mr. Mahmood Al Hashemi, Director General, AFZ.
The new AFZ global offices this year will be in Azerbaijan, China, Switzerland, Canada and Hong Kong. Earlier this year in May, AFZ had opened its office in Cyprus and in
November last year in Moscow.
“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 said.He added AFZ 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.
“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 the geographical proximity to the UAE. AFZ offers an excellent hub and vantage point for these global companies to grow their business,” said Mr. Faisal Al Nuaimi, AFZ Deputy Director General.