UAE’s Ajman Free Zone sees growth by 18% YoY in H1

UAE’s Ajman’s Free Zone Authority has reported an 18 per cent year-on-year (YoY) increase in net profit for the first half of 2024 and a 70 per cent growth in the number of companies, achieving a 96 per cent occupancy rate. The diverse sectors within the zone include agriculture, technology, construction, healthcare, and more.

Ahmed bin Humaid Al Nuaimi, Chairman of the Board, attributed these results to successful strategies enhancing service levels and aligning with the Ajman Government’s economic growth plans. Moreover, Vice Chairman Abdulaziz bin Humaid Al Nuaimi highlighted the Authority’s diverse income sources and high occupancy rates.

Attribution: Emirates News Agency (WAM)