emirates7 - The Free Zones Authority of Ajman (FZA) has reported outstanding financial and operational results for 2024, highlighting the success of its forward-thinking economic vision and proactive strategies to diversify key sectors and enhance the investment climate in the emirate.
Driven by a notable increase in investor numbers and the expansion of various economic activities, FZA saw a 15 percent rise in revenues compared to the previous year. Additionally, net profits experienced an unprecedented growth of 15 percent, reflecting strong financial management and the effectiveness of its income diversification strategies.
FZA also achieved a remarkable 170 percent growth in the number of newly registered companies, marking the highest increase in recent years. Occupancy rates in investment zones reached an impressive 97 percent, demonstrating growing global investor confidence in Ajman’s competitive advantages.
Sheikh Ahmed bin Humaid Al Nuaimi, Representative of H.H. the Ruler of Ajman for Administrative and Financial Affairs and Chairman of FZA’s Board of Directors, attributed the exceptional performance to an ambitious vision and well-executed strategies aimed at creating a flexible, supportive business ecosystem. He reinforced Ajman's status as an emerging economic hub with global appeal, emphasizing the emirate's continued commitment to sustainable economic development.
H.H. Sheikh Abdulaziz bin Humaid Al Nuaimi, Vice Chairman of the Board, stated that the remarkable achievements of 2024 reflect the success of the strategic focus on attracting high-quality investments and nurturing targeted sectors. These record-breaking results highlight Ajman's ambition to become a leading investment destination.
Ismail Al Naqi, Director-General of FZA, expressed great pride in these accomplishments, noting that this year’s results represent the most significant milestone in FZA's history. Aligning with Ajman Vision 2030, Al Naqi reaffirmed FZA’s commitment to continuing innovation and developing advanced infrastructure to enhance Ajman’s global competitiveness and investment appeal. He emphasized the authority's dedication to expanding investments in promising sectors, further solidifying Ajman’s position as a prominent global economic hub and a dynamic environment for business and diverse investment opportunities.
Driven by a notable increase in investor numbers and the expansion of various economic activities, FZA saw a 15 percent rise in revenues compared to the previous year. Additionally, net profits experienced an unprecedented growth of 15 percent, reflecting strong financial management and the effectiveness of its income diversification strategies.
FZA also achieved a remarkable 170 percent growth in the number of newly registered companies, marking the highest increase in recent years. Occupancy rates in investment zones reached an impressive 97 percent, demonstrating growing global investor confidence in Ajman’s competitive advantages.
Sheikh Ahmed bin Humaid Al Nuaimi, Representative of H.H. the Ruler of Ajman for Administrative and Financial Affairs and Chairman of FZA’s Board of Directors, attributed the exceptional performance to an ambitious vision and well-executed strategies aimed at creating a flexible, supportive business ecosystem. He reinforced Ajman's status as an emerging economic hub with global appeal, emphasizing the emirate's continued commitment to sustainable economic development.
H.H. Sheikh Abdulaziz bin Humaid Al Nuaimi, Vice Chairman of the Board, stated that the remarkable achievements of 2024 reflect the success of the strategic focus on attracting high-quality investments and nurturing targeted sectors. These record-breaking results highlight Ajman's ambition to become a leading investment destination.
Ismail Al Naqi, Director-General of FZA, expressed great pride in these accomplishments, noting that this year’s results represent the most significant milestone in FZA's history. Aligning with Ajman Vision 2030, Al Naqi reaffirmed FZA’s commitment to continuing innovation and developing advanced infrastructure to enhance Ajman’s global competitiveness and investment appeal. He emphasized the authority's dedication to expanding investments in promising sectors, further solidifying Ajman’s position as a prominent global economic hub and a dynamic environment for business and diverse investment opportunities.