Ajman Free Zone boosts procurement support to investors
AJMAN, June 28, 2020
Ajman Free Zone (AFZ) said its procurement support to free zone-based investors has increased by 7 per cent (year-on-year) in the first five months.
According to official data, 22 per cent of the total purchases and contracts made by AFZ-based investors from January to May of this year has been concluded through the Ajman Free Zone’s support.
Furthermore, in line with its continued commitment to support the small and medium-sized enterprises sector as a driver for economic growth and one of the pillars of economic diversification in the UAE, Ajman Free Zone’s contribution to the free zone-based SMEs' total purchases and contracts reached 12 per cent in the first 5 months, it stated.
Director General Ali Abdulla Bin Towaih Al Suwaidi said: "Ajman Free Zone will continue its leading role as a destination of choice for businesses and entrepreneurs striving for success and growth, enhancing its position as a safe, flexible and world-class investment environment."
"In line with the directives of the Chairman Sheikh Ahmed bin Humaid Al Nuaimi to empower local business community and foster investment environment, Ajman Free Zone’s procurement support is extended to investors and business leaders from more than 145 nationalities," he stated.
Al Suwaidi pointed out that Ajman Free Zone will continue to support the business community through the adoption of sustainable procurement policies, prioritizing the execution of contracts and purchases with Free Zone’s companies and SMEs to enhance Ajman Free Zone’s competitiveness.
“We look forward to further developing our processes and upgrading our services according to comprehensive strategies and creative approaches designed to attract more investments and corporations, as well as to promote Ajman as hub for investments and contribute to the fulfilment of sustainable development goals in line with Ajman 2021 Vision,” he added.-TradeArabia News Service
