- Ajman Free Zone's efforts represented 22 per cent of the complete number of agreements made by free zone-based investors

- The support has assisted boost the overall procurement and also contracts of AFZ-based SMEs to 12 percent

- Seven per cent growth seen in procurement assistance throughout the first five months of the year as compared to 2019 throughout the same period

As part of its commitment to advertise economic growth and continued support to the busines community, Ajman Free Zone's procurement assistance to free zone-based investors has actually increased by 7 per cent (year-on-year) in the initial five months of 2020. According to official data, 22 percent of the complete purchases and also contracts made by AFZ-based investors from January to May of this year has been concluded via the Ajman Free Zone's support.

Additionally, according to its ongoing commitment to sustain the small and medium-sized enterprises sector as a driver for economic growth as well as one of the pillars of economic diversification in UAE, Ajman Free Zone's contribution to the Free Zone-based SMEs amount to purchases as well as contracts got to 12 per cent in the first 5 months.

Engineer Ali Abdulla Bin Towaih Al Suwaidi, Director General, Ajman Free Zone claimed: "Ajman Free Zone will certainly proceed its leading role as a destination of selection for businesses and entrepreneurs pursuing success as well as growth, enhancing its position as a safe, adaptable and world-class investment atmosphere. According to the directives of His Highness Sheikh Ahmed bin Humaid Al Nuaimi, Chairman of Ajman Free Zone, to empower local business community and also foster financial investment environment, Ajman Free Zone's procurement support is included financiers as well as business leaders from more than 145 nationalities."

Al Suwaidi stressed that Ajman Free Zone will certainly remain to support the business community via the adoption of sustainable procurement policies, prioritizing the execution of contracts and purchases with Free Zone's business and also SMEs to improve Ajman Free Zone's competitiveness.

"We eagerly anticipate further developing our processes as well as updating our solutions according to thorough methods and creative techniques designed to draw in even more investments and firms, along with to promote Ajman as hub for financial investments and add to the fulfillment of lasting development objectives in line with Ajman 2021 Vision," concluded Al Suwaidi.

Offering an integrated packages of exclusive services, facilities and also advantages, Ajman Free Zone remains to enhance its leading position as an optimum business system and a hub for companies, entrepreneurs, and also investors from across the globe, consequently contributing to the diversification of the national economy.