Ajman Media City Free Zone set to boost investment in UAE

Ajman Media City Free Zone is set to boost investments in UAE by creating strategic partnership in Russia.

The partnership will encourage the entrepreneurs and SME’s from Russia to set up businesses in the UAE market.

His Excellency Mahmood AlHashmi, CEO of Ajman Free Media City said: “The partnership is part of our global trade relation road trips where we showcased our services and solutions of investment in UAE. Russia is one of the most lucrative and important modern digital investment markets in the world. We have seen very strong interest in our set-up services and packages, which serve the needs of a modern entrepreneur.”

Recently a senior delegation of Ajman Media City Free Zone visited Russia to meet Russian trade organisations, investment consortium and CEO’s and businessmen who specialize in the field of media and digital investment to sign agreements that benefit the Russian businesses and establish Ajman Media City Free Zone as a preferred destination in the UAE.

His Excellency Mahmood AlHashmi, CEO of Ajman Free Media City shared that within few months of launch, Ajman Media City Free Zone (AMCFZ), has established strong relations in key markets and bringing new companies, and active trade interests from chambers, trade organisations and investment hubs.

Ajman Media City Free Zone has signed a marketing representation agreement with a leading international marketing consultant, Consult Us & Thrive, in Russia and with branches in Moscow, Dubai, Cyprus, London and Uzbekistan to support its international network.

This representative agreement was concluded in accordance with the system adopted in Ajman Media City Free Zone and in line with the Charters of Representation Marketing and promotion.

AlHashmi said that the city has opened its doors to Russian investments with promising opportunities amid an encouraging environment of laws and facilities that will allow the establishment of strong partnerships between the two friendly countries in vital economic sectors orbiting the digital media.

Adding that the meeting is a great opportunity to build new companies in the media, especially that investments in digital media will see a bigger boom in the coming years, especially in the Arab region. "The latest statistics confirm the growth of this sector and this type of investment.