Bengaluru, Nov. 12 -- The Ajman NuVentures Centre Free Zone (ANCFZ), one of the UAE's youngest business hubs, is rapidly emerging as a global SME powerhouse, with nearly 45 percent of its companies owned by Indians, said a top official here.
The Free Zone, located in Ajman, added 500 new companies in the past two days and has completed its first year with over 7,000 registered firms.
Addressing media persons in Bengaluru during the Free Zone's maiden India tour, ANCFZ CEO Rishi Somaiya said the Free Zone is firmly anchored in its India connect. It has drawn investors from more than 150 nationalities, with nearly 45 percent of its companies owned by Indians.
It has positioned itself as a launchpad for small, medium and digital-first enter...