F&B sector of Ajman Free Zone continues to flourish after witnessing a growth of 10 per cent in 2021


F&B sector of Ajman Free Zone continues to flourish after witnessing a growth of 10 per cent in 2021

Number of registered companies stands at more than 370, making it one of the trusted business hubs for the sector in the UAE

The Ajman Free Zone (AFZ) revealed the results of its 2021 operational performance in the food and beverages sector, and recorded a significant 10 per cent growth in the number of registered companies, compared to 2020. Furthermore, the business hub experienced a positive year with more than 370 registered businesses in the F&B sector – reinforcing the free zone's appeal to companies wishing to establish and expand operations throughout the region.

AFZ continues to build on its track record as the region’s trusted hub for the F&B sector, with the new results boosting confidence among foreign investors and other F&B firms that avail the free zone’s wide range of facilities and services. The integrated hub is among the leading free zones that continue to attract local, regional, and global F&B companies seeking to grow their presence in the country. AFZ’s value-added packages and incentives have also helped companies set up their businesses with ease and take advantage of its competitive features, including the free zone’s strategic location, cost-efficient solutions, state-of-the-art facilities, and simplified business setup processes.

H.H. Sheikh Ahmed Bin Humaid Al Nuaimi, Chairman of the Board Of Directors Of The Ajman Free Zones Authority, said: “The F&B sector has been integral to our success, especially considering its rapid growth in the country. Since the beginning of the pandemic, we have constantly focused on safeguarding the UAE’s food supply chain through our multimodal logistics hub. The new results reflect our continuing efforts to develop this industry and attract more F&B businesses to the region. We also believe the high inflow of residents in the country keeps the Emirate of Ajman at the forefront of the F&B sector in the region. In response to this, AFZ will continue to contribute to the development of the UAE's F&B industry by offering a world-class business ecosystem, consisting of partners with trading experience and providing them with access to the UAE market."

At present, the free zone is home to more than 370 F&B companies, engaged in the production and distribution of a wide array of edible goods. The number of companies is expected to grow furthermore, as the country fulfills the needs of F&B investors seeking to locate their businesses in an emirate that meets their cost and infrastructure requirements.

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