The capital witnessed a high-profile delegation of dignitaries from the Emirate of Ajman. His Excellency Mahmood Al Hashemi, Director General of Ajman Free Zone Authority (AFZA), UAE, Rishi Somaiya (Sales Director), Mohammed Salem (Sales Executive) and spokespersons from the Federation of Indian Chambers of Commerce and Industry (FICCI) were at the Shangri-la Hotel today. The purpose of the visit was two-fold; to meet potential Indian investors to Ajman and elaborate on the diverse investment options through AFZA. The press conference which was held on the same day saw the very same delegation address the Indian media and highlight their plans to build long and lucrative means of economic and social co-operation between the two countries.
Rishi Somaiya, Sales Director of Ajman Free Zone added, "With some many free zones operating in the regions, AFZA 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. Other advantages include; cheap energy, the most economic wage structure and easy access to the vast work force, total exemption from all import and export duties, total elimination of all service charges and hidden fees and exceptionally low handling charges. The 20 year land contract is renewable for another 20 years, guaranteeing 40 years of tax and customs free operations, lowest lease prices and world class infrastructure.”
