Ajman China Mall has registered a growth of 12 percent in the number of registered companies in 2021 compared to 2020, according to Ajman Free Zone.
Out of 1,000 enterprises operating in the mall, the retail sector topped the list followed by the fashion and textile sector.
Enterprises operating within Ajman China Mall benefit from Ajman Free Zone’s strategic location for importing and exporting products.
As of 2021, diverse enterprises in Ajman China Mall registered over 2,600 members of the Chinese business community, significantly contributing to the economic growth and employment market for Ajman.
The Mall’s yearly import value reached an average of AED 3.65 billion, with export products valued at AED 2.1 billion. It has recorded AED 600 million of total investment and is projected to reach double this amount as the emirate continues to diversify its economy and venture into more trade agreements.
The Mall recorded an average of 342,000 monthly visitors with total daily sales valued at more than AED 1.7 million in 2021.
Sheikh Ahmed bin Humaid Al Nuaimi, Chairman of the Board of Directors of the Ajman Free Zones, said, “The results recorded by the free zone over the past year highlight further the significant role of AFZ as an ideal hub for the Chinese business, investment, and corporate community.”
Luo Feng, General Manager of Ajman China Mall, expressed that the 2021 statistics reflect the unique charm of Ajman Free Zone in attracting Chinese investors, which “greatly promote the economy and trade between China and UAE”.