Ajman Free Zones See 18% Profit Growth in First Half of 2024

UAE, 6 August, 2024 : The Ajman Free Zones Authority announced an 18% year-on-year increase in net profit for the first half of 2024, driven by efforts to boost economic diversification and investment. The number of companies operating in the emirate grew by 70%, with an overall occupancy rate of 96%.

Sheikh Ahmed bin Humaid Al Nuaimi, Chairman of the Board, attributed these results to successful strategies and alignment with Ajman Government's investment goals. He emphasized the role of visionary leadership from H.H. Sheikh Humaid bin Rashid Al Nuaimi and H.H. Sheikh Ammar bin Humaid Al Nuaimi in fostering economic growth.

Sheikh Abdulaziz bin Humaid Al Nuaimi, Vice Chairman, noted the Authority's diverse income sources and high occupancy rates for land, warehouses, and offices, reflecting strong demand for its services.

Ismail Al Naqi, Director-General, highlighted the Authority’s commitment to quality services and innovative plans to enhance client satisfaction. He also emphasized Ajman Free Zone's strategic location and diverse business sectors, including agriculture, technology, healthcare, and real estate, among others.

Source : www.zawya.com