Monday, 06 December 2021 03:44 GMT

Ajman Free Zone ranks 7th worldwide by the fDI magazine for the Global Free Zone Awards 2021

(MENAFN- Mid-East.Info) The Ajman Free Zone (AFZ) reaffirmed its rising influence as a key driver in building a vibrant business environment when it is awarded the 7th place at the Global Free Zone of the Year Awards 2021 published by fDI Intelligence magazine, a division of the Financial Times group. This inclusion in the highly coveted annual ranking of the world's best free zones recognizes AFZ's growth and performance, sustainability initiatives, facilities upgrade, trust from business partners, as well as increased efficiency through automation of business processes.

Along with this global distinction, AFZ also received the following major awards, Highly Commended Free Zone award for regional level; First place for Small and Medium Enterprises Tenant award – Regional, and Commended in the Large Tenants award- Regional. It is also given an Honorable Mention for Sustainability Reporting based on the frameworks of sustainability investments and internal governance in compliance with international standards on Environmental, Social and Governance (ESGs).

Commenting on the recognitions, H.H. Sheikh Ahmed bin Humaid Al Nuaimi, Chairman of the Board of Ajman Free Zone Authority said:“These prestigious, major awards demonstrate AFZ's unwavering commitment to keep pace with the changing global developments and embrace relevant technological innovations, with the goal of enriching the experience of businesses and investors in its community. Following our newest accolades, we are further inspired to seek new innovative ways to attract more investors from all over the world.”

H.H. Ahmed bin Humaid Al Nuaimi stated:“This will be pivotal not only to our growth as one of the UAE's state-of-the-art free zones but also vital to Ajman's sustainable development and bid to become a global business destination. Over the years, AFZ has grown to become an attractive business environment with its advanced infrastructure, competitive portfolio of services and products, digital progress, flexible legislations, and strategic location. We are confident that our continuous rise to prominence and success will significantly contribute to the progress of Ajman and the UAE's preparations for the next 50 years.” 

On his part, H.E. Eng. Ali AlSuwaidi, Director General, Ajman Free Zone said:“We are honored and grateful to be awarded as the 7th Global Free Zone of the year alongside other major awards. These recognitions are reaffirmation that AFZ is on the right path in achieving its goals, which include transforming Ajman as a global business destination. We also want to thank our business partners for their continuing trust and support as we all move towards expansion and business growth. AFZ will continue to support its members through our client-centered sustainable and innovative services.”

“We will keep on providing growth opportunities to our clients as we also contribute to national and regional economic growth. AFZ further appreciates the great efforts of our team members for being at the forefront in driving business transformation which contributed to where we are now. With a strong workforce, AFZ is more than capable to meet the demands of the market and exceed clients' expectations,” HE Al Suwaidi emphasized.

AFZ was honored with the Highly Commended Free Zone- Regional category as an overall result of AFZ's growth, world-class infrastructure, sustainable initiatives and wide array of value-added services that cater to local and international business communities.

Further, AFZ won first place at the Small and Medium Enterprises Tenant – Middle East category for its valuable support to businesses especially during the challenging times. The category was focused on a combination of growth and performance, and finalists are scored based on support offered to SMEs during the COVID-19 pandemic. Ajman Free Zone launched various measures of support to ensure business continuity such as economic stimulus packages for its members and investors who were affected by the crisis. Customized stimulus packages and freelancers' packages were also created to support other professionals during the pandemic.

In addition, the free zone was also commended for the Large Tenant Award in the regional level for having a high number of large tenants that chose AFZ in the past 12 months. AFZ caters to the needs and requirements of over 9,000 companies, with numerous partners from local, regional and global business communities. This recognition is also a manifestation of AFZ's major efforts to make its services accessible to every member as well as to create additional services to accommodate the growing number of tenants.

Ajman Free Zone has become a leading choice for businesses as it offers only world-class facilities and infrastructure along with its wide array of value-added services designed to create a business-friendly environment and attract more investors in Ajman and the UAE.


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