Ajman Media City Free Zone, a new investment destination in the Emirate of Ajman, is looking to attract more investments from the media, entertainment and digital sector in India, a top official said. “Already India accounts for over 34% of our clientèle. We are looking to attract more investment from India,” Mahmood Al Hashmi, chief executive of Ajman Media City said on the sidelines of an event.
He led a delegation here to highlight the investment opportunities and incentives at the Ajman Media City Free Zone.
Tax-free
“There is no tax or customs duty. The Free Zone provides robust infrastructure in terms of internet connectivity. Companies can use it as a gateway to Gulf Cooperation Council countries,” Mr. Al Hashmi said. He added that people can bring in money and take it out easily and the lower cost is one of the attractions.
Mr. Al Hashmi also said that India and UAE enjoyed very good trade relations. Rishi Somaiya, Commercial Advisor at Ajman Media City Free Zone, said the operational cost for business would be low and regulatory clearance simple.
