Ajman: The Ajman Free Zones Authority has reported an 18% increase in net profit for the first half of 2024, reflecting efforts to boost economic diversification and stimulate investment.
Sheikh Ahmed bin Humaid Al Nuaimi, Chairman of the Ajman Free Zone Board, attributed these results to strategies to improve services and meet business needs. “These results underscore our capability to achieve sustainable growth, aligning with Ajman Government’s plans to attract investments and drive economic growth,” he said.
Sheikh Abdulaziz bin Humaid Al Nuaimi, Vice Chairman of the Board, highlighted the Authority’s diverse income sources and success in meeting financial targets, noting high occupancy rates for land, warehouses, and offices.
Ismail Al Naqi, Director-General of the Free Zones Authority, emphasized ongoing efforts to enhance service quality and implement innovative plans for client satisfaction. He noted the Authority’s alignment with global trends, ensuring an ideal environment for business expansion, particularly given its proximity to Ajman Port and major road networks.
The Ajman Free Zone supports various business sectors, including 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, and textiles.
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