Ajman Free Zones Authority Reports Record Growth in 2024
The Free Zones Authority of Ajman (FZA) has announced record-breaking results for 2024, highlighting a year of exceptional financial growth and operational success. Driven by its forward-thinking strategies and focus on economic diversification, FZA saw a 15% increase in both revenue and net profit compared to 2023.
The Authority registered a remarkable 170% surge in newly established companies—the highest in its recent history. Investment zone occupancy also hit an all-time high at 97%, reflecting growing global investor confidence in Ajman’s business-friendly environment.
Sheikh Ahmed bin Humaid Al Nuaimi, Chairman of the FZA Board and Representative of H.H. the Ruler of Ajman for Administrative and Financial Affairs, credited the results to strategic planning and a dynamic vision that supports a flexible and attractive business ecosystem. “These achievements reinforce Ajman’s rise as a thriving economic hub with international appeal,” he stated.
Vice Chairman H.H. Sheikh Abdulaziz bin Humaid Al Nuaimi added, “The 2024 milestones underscore our ongoing success in attracting quality investments and nurturing high-potential sectors, reinforcing Ajman’s position as a global investment destination.”
FZA Director-General Ismail Al Naqi expressed pride in the Authority’s performance, calling it a defining moment in its history. “Aligned with Ajman Vision 2030, we are committed to innovation, infrastructure development, and strengthening Ajman’s global competitiveness,” he said.
Looking ahead, FZA plans to expand its reach into emerging sectors while continuing to foster a vibrant, investor-friendly environment.
