Ajman Free Zone is showcasing its flexible investment options at the Hong Kong World SME Expo to boost the increasing share of Far Eastern investments into the Free Zone.
Mahmood Al Hashemi, General Manager of Ajman Free Zone said, ?Ajman has attracted sizeable investments from the Far East within the free zone as well as at the successful retail concept, the Ajman China Mall, which is a part of the free zone and has grown into a popular shopping destination in the UAE.
??Our participation in the HK SME expo is in line with the free zone?s commitment and dedicated focus on the SMEs which are looking at a tax-free and flexible investment platform in the UAE,? he said.
?World over, the SME sector forms a major chunk of any economy ranging from 30 to 40 per cent? contributing a significant share to national GDPs. In the UAE, 90 per cent of the businesses fall in the SME range and at Ajman Free Zone we are convinced that this sector has robust potential to expand,? said Nader Eldesouky, Deputy General Manager.
The HK SME Expo is organized by the Hong Kong Trade Development Council (HKTDC) every year.
Rishi Somaiya, Sales Director of the Free Zone said, ?The free zone has perhaps the best of the investment packages in the UAE tailor made for emerging entrepreneurs wishing to tap the growing market?.
?Our participation at the HK Expo is to highlight the exceptional advantages AFZA offers to SMEs. This includes flexible and installment-based payment plans, Smart Office units and a host of other facilitation services that are unparalleled,? added Somaiya.
AFZ also offers lease contracts of up to 40 years in two tranches of 20 years each, which has attracted scores of companies to the free zone that is home to over 7,000 enterprises currently.
?We have a sustained flow of investment queries and in this context a major expansion to accommodate new investments is underway including a massive development known as the Smart Warehouses where the units start at 100 sq.m, in line with the requirements of SMEs that do not want to invest in larger spaces?, said Al Hashemi.