Ajman Free Zone has entered into separate agreements with two insurance companies in line with the efforts to expand its network and support investors, companies, and the business community.
The free zone recently signed Memorandums of Understanding (MoUs) with Al Sagr National Insurance Company and the Arabian Scandinavian Insurance Company (PLC) – Takaful – Ascana Insurance (ASCANA).
With the new deals, Ajman Free Zone will be able to extend value-added, high-quality and competitive healthcare insurance coverage to its investors and their families and employees. The insurance will cover the costs of medical services, expenses for treatments and daily care in hospitals, ambulance fees, among others.
The free zone’s new MoUs demonstrate that it recognizes the importance of the insurance sector and will help bolster the confidence of investors and foreign companies, H.E. Eng. Ali AlSuwaidi, Director General of Ajman Free Zone, said. The insurance services are the latest additions to the Free Zone’s high-quality, competitively priced and easily accessible business solutions.
Eng. Ali Bin Towaih Alsuwaidi Director General Ajman Free Zone
“Our cooperation with Al Sagr National Insurance Company and ASCANA has broadened further our network of strategic partners that covers various sectors. Through this approach, we seek to increase the competitiveness and attractiveness of Ajman Free Zone and continuously add value to our services. Our new ties also show our commitment to simplify procedures to save more time and effort, as well as provide an integrated platform that allows access to a wide range of facilities, incentives and innovative solutions at a competitive cost.”
Ajman Free Zone’s increasing strategic and multisectoral partnerships are designed to consolidate its position as a preferred destination for businesses and investments. Its alliances will help put in place a robust system within the free zone that is able to extend relevant business support and attract investments by combining innovative solutions with value-added services.
Mr. AlSuwaidi further added, ”We will strive to help increase the commercial activities in Ajman by building an environment that is ideal for business and investment activities and can support large-scale commercial and industrial projects. Our initiatives are aligned with Ajman’s policy to diversify its economy.”
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