The Ajman Economic Development Department (Ajman DED) issued 1,275 new business licenses in the first quarter (Q1) of this year, a 10% year-on-year increase.
The figures were shared through a report released by Ajman’s DED Registration and Business Licensing Sector, state news agency WAM reported.
Sheikh Ahmed bin Humaid Al Nuaimi, Chairman of Ajman DED, said the department continues to implement the stimulus packages and decisions approved by the government of Ajman to support business sectors and individuals in all sectors. commercial.
Al Nuaimi added that the department is working to simplify services and procedures to facilitate business registration and investment procedures, provide greater flexibility for investors and shorten the period of business formation. business.
Ajman’s economic growth was highlighted by the release of recent data which showed that Ajman’s technology sector within the Ajman Free Zone grew by 21% last year. The number of technology companies in the integrated business center has reached more than 550 in 2021. The free zone has focused on developing automation programs to accelerate digital transformation – implementing new initiatives and new products like the Artificial Intelligence Robotics Center, a one-stop-shop for entrepreneurs, entities and SMEs to explore new networks of business opportunities with industry experts.
Read: Ajman Free Zone’s tech sector sees 21% growth in 2021
Overall, the Ajman Free Zone recorded 4% year-on-year growth in 2021, registering 1,792 new businesses. In 2021, AFZ recorded a 90% increase in the occupancy rate of its rental accommodation, which covers 867,000 m². The free zone’s commercial equipment includes 530 warehouses, more than 7,000 offices and four business complexes.
The free zone has successfully completed the 100% automation and digitization of its services, providing more than 240,000 electronic transactions through its digital platform “Client Portal”.
Also Read: Ajman Free Zone registers 1,792 new businesses in 2021