AsiaNet-Pakistan Premier Editorial Content and Press Release Distribution Service
Karachi, February 05, 2014 (PPI-OT): Pakistani companies are taking full advantage of business potential in Middle East region as Pakistani companies exceed over 20% out of total 9000 companies registered with Ajman Free Zone, UAE. To further accelerate Pakistani investments, his Excellency Mahmood Al Hashemi, Director General of Ajman Free Zone Authority (AFZA), UAE will be visiting Pakistan and addressing at an investors seminar and press conference in Karachi on 19th and 20th February respectively.
This high profile visit to the Karachi will be to initiate and build a long and lucrative means of economic cooperation between Pakistan and UAE. Ajman Free Zone is offering all the necessary facilities to ensure sure that the Pakistani investors will be furnished with the best services and products. These products and services are aimed at enabling investments from all sectors, trade, services, IT, manufacturing.
In his statement Mahmood Al Hashemi, Director General of Ajman Free Zone Authority said that, “Pakistan is an important market for Ajman Free Zone and the investment from the country has been growing over the last few years.
Ajman serves as an opportunistic destination for Pakistani business due to close proximity to Pakistan, a strong connectivity with ample flights between the two countries. We are confident of offering investors from Pakistan all assistance required in setting up and ensuring thriving operations as their success reflects our”.
H.E. Mahmood Al Hashemi said that, “Ajman Free Zone is deemed as one of the fastest growing free zones in the region. It will keep up the effort to continue this growth as the coming era will witness more concentration on the customers and services offered to them.”
He further explained that the most important characteristics of investing in Ajman Free Zone, is the flexibility of transactions and ease with which procedures are executed with business licenses issued in 24 hours.
This is in light of the new strategic plan of AFZA. In additional, Ajman Free Zone offers advantages such as 100% foreign ownership and repatriation of capital and profits, no personal income-tax, low labour cost, the only downtown free zone in UAE, diverse range of licenses for trading, services and industrial activities, competitive lease facility and an array of facilities ranging from Smart Office, Land and Warehouse.
He further said that, “With so many free zones operating in the regions, Ajman Free Zone is the first to offer flexible payment facilities to its clients of up to twelve installments. This will promote entrepreneurship as the entry level cost of doing business is reduced giving an opportunity to young entrepreneurs and supporting mid level operating businesses”.
Smart Warehousing is another innovative product from Ajman Free Zone and the first to be offered in the UAE where the storage units start at a 100 sq.m. “This is one-of-a kind proposition in the UAE and the region. Smart Warehouses have been designed in a flexible, modular and scalable manner. Clients requiring small spaces have the option of renting units starting from a 100 sq.miles and companies that need bigger spaces can combine multiple units.
Instead of investing in large warehouse space in the initial stages of a business, investors now have an option to take small spaces and expand it in a modular manner according to their business growth. Smart Warehouses received overwhelming response for its Phase 1 and Phase 2 and we are now in the process of launching phase 3 to accommodate the growing demand”, added the visionary General Manager
Ajman Free Zone (AFZ), established in 1988, was granted autonomous status under the decree no. 3 of 1966 issued by H.H. Sheikh Humaid Bin Rashid Al Nuaimi, Ruler of Ajman. Ajman Free Zone Authority has been named as the sole regulatory agency for Free Zone in the Emirate. Situated at the foot of the Arabian Gulf, the Ajman Free Zone is widely regarded as the ideal depot for the supply of goods and services for both domestic and regional markets around UAE.
The inexpensive energy and the absence of bureaucratic complications, coupled with the availability of numerous infrastructure facilities, have attracted many investors to base their operations in Ajman. Ajman Free Zone recently celebrated 25 years of business excellence, encouraging industries and entrepreneurs; and looks forward to further strengthening ties with Pakistan and its strong business community.
For more information, contact:
Ajman Free Zone Authority
P.O. Box 932, Ajman
United Arab Emirates
Telephone Number: +971(6)7011555
Fax Number: +971(6)7429222