Ajman Free Zone Authority (AFZA) recently opened its first office in Karachi, Pakistan in order to expand global reach. Ajman Free Zone offers offices in India, Dubai, and Manchester, according to AFZA’s General Manager Mahmoud Khalil Al Hashimi. This particular office in Karachi is set to support investment operations of Pakistani customers who desire business in the UAE and the Gulf. Emirates Express will be the sole, authorized representative of Ajman Free Zone Authority in Pakistan. Hashimi said,
The opening of the new office is a logical phase within a strategic framework set by the Ajman Free Zone for geographic expansion in international markets.
مدير عام منطقة عجمان الحرة يفتتح مكتبا تمثيليا جديدا لمنطقة عجمان الحرة في مدينة كراتشي الباكستانية. pic.twitter.com/xNO5vDupmi
— Ajman Free Zone (@AjmanFZ) December 15, 2015
Currently trade between Pakistan and the UAE stands at an estimated $9 billion. The opening of an office in Karachi may present countless opportunities for public and private sector firms in Pakistan to expand business, and increase that number exponentially in the coming years. The opening ceremony of the Karachi office was attended by several Pakistani investment officials and businessmen from various walks of life. Hashimi stated that the new office represented an important step to bring further investment into the free zone. For those looking at business opportunities in the Gulf and Emirates, this office will serve as the primary contact center. Hashimi said, “This will support development of the local market and create new business partnerships.” More offices may be set up in the future especially in Lahore and Islamabad however, reports on the matter are currently scarce. The GM of Ajman Free Zone Authority further stated that increasing investments in Pakistan fell in line with the UAE’s role as a hub for global trade.
With Gwadar port under development, and Pakistan setting up special economic zones in the region, it is important to set up offices in Central Asia and Middle East. While Pakistan has offered space in said special economic zones to Sri Lanka, and various other countries, establishment of offices stands to bring in more foreign investment compared to verbal invitation. Pakistan should move to establish offices in Sri Lanka, Iran, UAE, GCC, Nepal, and other Central Asian states.You can follow us on Facebook, Twitter, or Google+ for more updates. Otherwise fill in the subscription box above, or subscribe to our RSS Feed.