KARACHI: Pakistani companies are taking full advantage of business potential in Middle East as Pakistani companies exceed over 20 percent out of total 9,000 companies registered with Ajman Free Zone (AFZ), UAE.
To further accelerate Pakistani investments, Ajman Free Zone Authority (AFZA) UAE Director General, Mahmood Al Hashemi will be visiting Pakistan and addressing at an investors seminar and press conference in Karachi on February 19th and 20th 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.
AFZ 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 said, “Pakistan is an important market for AFZ 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.”
Mahmood Al Hashemi said, “AFZ 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 AFZ, 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, AFZ offers advantages such as 100 percent 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, “with so many free zones operating in the regions, AFZ 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 AFZ and the first to be offered in the UAE where the storage units start at a 100sq 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.m 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
AFZ, established in 1988, was granted autonomous status under the decree no. 3 of 1966 issued by Sheikh Humaid Bin Rashid Al Nuaimi, Ruler of Ajman. AFZA has been named as the sole regulatory agency for Free Zone in the Emirate. Situated at the foot of the Arabian Gulf, the AFZ 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.
AFZ 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.
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