AJMAN - The Free Zones Authority of Ajman in UAE has maintained its efforts this year in bolstering the emirate's economic diversification strategy and stimulating the investment and trade landscape with an increase of 18 per cent year-on-year (YoY) in net profit in H1 2024.
The Authority reported a 70 per cent growth in the number of companies operating in the emirate, with an overall occupancy rate of 96 per cent over the past six months.
Ismail Al Naqi, Director-General of Free Zones Authority of Ajman, stated that the Authority keeps pace with global trends in free zone services, to ensure offering an ideal environment for business expansion, especially with its proximity to Ajman Port and a network of major roads.
He also underscored the diversity in business sectors of Ajman Free Zone, which includes agriculture, automotive, chemicals, technology, construction, education, entertainment, food and beverages, healthcare, insurance, jewellery, legal services, maritime, oil and gas, paper and packaging, real estate, shipping, textiles, among others.
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