Ajman Free Zone adds 867 companies in H1

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Infrastructure, community facilities and the environment account for 39 percent of the total budget 2022.
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  • Health sector registers 84 percent growth in the number of new companies.
  • 70 percent growth in Chinese retail market while the number of AFZ’s key partners rises to 48.

Ajman Free Zone (AFZ) has registered a growth of 35 per cent in the number of new registered companies during the first half of 2021 compared to the same period in 2020.

Against the 867 newly registered companies in the zone in H1 2021, 567 companies were registered in the same period last year.

Health sector witnessed the highest (84 percent) growth in new companies registered because of the strategic location, advanced infrastructures and modern facilities, a statement issued by the AFZ said.

The technology sector grew by 26 per cent, food and beverage sector 11 per cent, Chinese retail 70 per cent, which has 1,100 registered companies operating in China Mall, involving more than 3,000 individuals.

“These numbers are manifestations of the successful and strategic partnership between the Emirate of Ajman and the Chinese Gulf Company, as well as the increasing confidence from Chinese companies,” the statement said.

The statement said AFZ enhanced its value-added services and expanded new strategic partnerships with both private and government stakeholders, increasing the number of its key partners to 48, including value-added services providers.

Sheikh Ahmed bin Humaid Al Nuaimi, Chairman of AFZ, said the success of the free zone as seen in the growth rates is supported by a comprehensive package of services alongside innovative technological solutions.

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