Ajman Free Zone achieves 33% growth in new companies during Q1 2021
reporters@khaleejtimes.com
Filed on May 9, 2021
Number of registered companies in the technology sector grew 23% while the health sector recorded a growth of 34%
Strategic location strengthened AFZ’s position as a major contributor to total exports and volume of re-exports in Ajman by 24% and 22% respectively
The Ajman Free Zone (AFZ) has witnessed a growth of 33 per cent in the number of new companies registered with it during the first quarter of this year, compared with the same period of 2020.
The total number of new companies registered in the free zone reached 492 during the first three months of 2021, compared to 269 companies in the same term last year. This comes as a continuation of AFZ’s solid performance during the past year, considering the growing confidence of the business community in the potential and competitiveness of Ajman.