Ajman Free Zone has signed an MoU with noon.com to enhance the emirate’s e-commerce sector and attract new investors.

As a result of this MoU, existing Ajman Free Zone investors who hold e-commerce licenses can join Noon’s platform and use the e-commerce major’s secure payment gateway and logistics and fulfilment network. Companies wishing to use Noon.com as their digital selling platform, but who are not yet registered in the free zone can also obtain an e-commerce license to do so.

“Our strategic partnership with Noon, one of the country’s leading e-commerce platforms, will benefit both our investors and customers by opening up new opportunities for business expansion and development. We are confident that this quality partnership will bring enormous benefits – particularly with regards to bolstering the growth of the e-commerce market – supported by the government’s unwavering assistance as well as the country’s continuous modernization of its digital infrastructure for more advanced services such as the offering of secure and convenient electronic payment methods,” said Ali Abdulla Bin Towaih Al Suwaidi, Director General, Ajman Free Zone.

Yousef Al Mehrzi, Government Partnerships at Noon, said: “Through our partnership with Ajman Free Zone we will be able to provide countless new businesses with the tools they need to expand their offering online, driving reach to new audiences, multiplying sales, enabling them to compete better in a digitally progressive retail market. We’re looking forward to welcoming SMEs and supporting their growth across the region.”

The UAE’s e-commerce market is considered the most developed in the Middle East and North Africa (MENA) region at 4.2 per cent penetration rate.

For more details on company formation please contact Waymark Management services on their mail office@waymarkservies.xom or on +971569280036