Ajman Free Zone to open new offices in 5 countries

dubai - AFZ will be present in Hong Kong, Canada, Azerbaijan, Switzerland and China this year

The Ajman Free Zone has identified five new key markets where it will set up hub offices this year as part of its global investor outreach strategy.

In a statement, AFZ said the free zone now houses over 22,000 enterprises from different parts of the world.

The new AFZ global offices this year will be in Azerbaijan, China, Switzerland, Canada and Hong Kong. In May, AFZ had opened its office in Cyprus and in Moscow in November last year.

"AFZ has sourced considerable overseas investments, out of which a substantial share is FDI sourced by the free zone's nine global offices. Over the years, the USP of AFZ as an investment destination have been acknowledged by global investors, especially for new entrepreneurs who would like to have a scalable platform to grow their business," said Mahmood Al Hashemi, director-general, AFZ.

"Our international offices help us reach out to potential investors on a sustainable basis. Geographically, AFZ has been registering a lot more diversity in the uptake of our smart investment packages which are tailor-made for startups, e-commerce firms and SMEs - and we have been registering increasing global interest, particularly from companies looking to have nimble marketing hub setups in this region," he said.

- business@khaleejtimes.com