- The Forum, in Dubai, provided an opportunity to further the bi-lateral trade relationship existing between the UAE and India
- Sheikha Al Nuaimi of Ajman Free Zone offered comment on the importance of business start-ups for the UAE economy
Ajman, United Arab Emirates (November 5, 2019): Ajman Free Zone was a main sponsor of the Fifth Edition of the UAE-India Economic Forum held at the Waldorf Astoria, DIFC, this week. H.E. Abdullah Ahmed Al Saleh, Undersecretary for Foreign Trade & Industry, Minister of Economy was guest of honour at the event.
The well-attended event brought 500 delegates from India, the UAE and other key markets to explore the potential opportunities inherent in the UAE-India trade relationship. The UAE-India relationship has entered a vibrant growth phase with bilateral trade on track to exceed $100 billion by 2020*.
Ajman Free Zone continues to attract a wealth of investors from India, who are able to realize their business ambitions through numerous benefits offered including locational advantages, the availability of affordable labour, and tax exemption.
As well as sponsoring the event, Sheikha Al Nuaimi, Executive Director of Marketing & Sales
of Ajman Free Zone addressed the delegation on VC funding for start-ups. The audience comprised of ministers of economy, heads of industry and finance; heads of investment, representatives of top banks and financial institutions; CEOs of major companies and family-owned businesses.
During the panel discussion, Sheikha Al Nuaimi, Executive Director of Marketing and Sales at Ajman Free Zone stressed the need to support SMEs and startups because they are a lever for the national economy. Al Nuaimi also highlighted two recently launched licenses for young people “Pioneers” and “Freelancer” packages which enable entrepreneurs to start their companies affordably.
H.E Fatma Salim, Acting Director General of Ajman Free Zone commented: “We highly value our Indian investors and the contribution they make to the growing economy of Ajman. This platform was a great opportunity to engage with more potential investors and to listen to their requirements, as they gear up to meet global market demands. We were able to communicate to them, their intermediaries and stakeholders how we can accelerate their business growth and help them to realize their ambitions. Our agenda focused on communicating our unique offerings, which focus on delivering best practice solutions, including flexible and tailored licenses, an array of support services, and the most innovative business set up process delivered through our advanced digital platform and technologies.”