More than 2,000 global investors set-up operations in Ajman Media City Free Zone in UAE since 2018 launch
Ease of doing business and cost-effective services a big draw
Ajman, United Arab Emirates, 15 December 2019: Sheikh Abdul Aziz bin Humaid Al Nuaimi, Chairman of Ajman Media City Free Zone said that the increasing number of investors in the free zone is a positive sign of confidence among the global entrepreneurs and SME owners.
Sheikh Abdul Aziz bin Humaid Al Nuaimi said: The growing numbers of new companies
in Ajman Media City Free Zone (AMC FZ) is a testament to how our free zone is helping UAE
become a global destination for media, entertainment technology businesses and entrepreneurs.
The core objective of Ajman Media City Free Zone (AMC FZ) was to develop a world class,
competitive and customer friendly creative hub for the entrepreneurs.
“Since our launch in 2018, over 2000 entrepreneurs and SME owners in diverse sectors of
media, entertainment, tech and digital media have set up their operations here.
We are very confident that the numbers of our customers will increase significantly in the first
quarter of 2020.”
Cost competitiveness, speedy set-up and ease of doing business are the most compelling reasons
for companies choosing AMC FZ according to most of the CEO's and owners who set their base
in Ajman Media City Free Zone.
Mr. Mahmood Al Hashmi, CEO of Ajman Media City Free Zone said: “The recent PwC global
outlook report suggests that globally media and entertainment industry revenues will reach
$792.3 billion by 2022. The topmost concern of the CEO’s of this industry is to find sustainable
ways to stay ahead of the competition and do so in a cost-effective manner. We can address these
concerns of the SME owners and give them easy access to Middle East North Africa and Indian
sub-continent. We continue to receive high response from the key markets of Russia, China,
India, Europe and the USA.”
Ajman Media City Free Zone milestone decisions include:
Fast track set-up and licensing process
- Removing the eChannel deposit requirement
- Removing all security deposits related to visa processing to lower the cost of setting up
- The investors can set up a business without the mandatory visit to UAE and reduce the
start-up costs significantly
- Start-up packages to suit a range of investment needs, budgets and requirements.