Licensed companies and small and medium enterprises (SMEs) accounted for 51 per cent of Ajman Free Zone’s total procurement of goods and services in 2021, a recent report released by the free zone showed.
The report also revealed that 24 per cent of the total purchases and contracts made last year by companies operating in the free zone were sealed through the assistance of the free zone’s strategic procurement strategy.
Ajman Free Zone covered 27 per cent of the total purchases and contracts of SMEs alone during the same year.
The AFZ said in a statement that the policy has been implemented to accelerate the national economic development and strengthen the role of the local business community in the diversification and sustainability efforts of Ajman and the UAE.
Sheikh Ahmed bin Humaid Al Nuaimi, Chairman of the Board of Directors of the AFZ, said, “Our procurement policy currently benefits investors and business owners from more than 165 countries, and we aim to extend its reach as more global companies continue to make the free zone their base here in the Emirates.”