AJMAN / WAM
The Ajman Media City Free Zone concluded its first European investment forums series with successful events in London and Lisbon, the two emerging and thriving hubs for creative and tech start-ups.
Mahmood Alhashmi, CEO of the Ajman Media City Free Zone, led the high-level delegation, along with Rishi Somaiya, Commercial Advisor, and Nader Afify, Business Development Advisor.
Alhashmi said, “Creating a strong presence and building long-term partner relations in global tech and digital media centres are part of our core strategy. We chose our target audience with due diligence as both London and Lisbon are fast-growing hubs for the start-up economy.”
He added, “Portugal is recognised by the ‘Startup Europe Partnership’ initiative as one of the fastest-growing start-up ecosystems and the entrepreneurship culture is complementary to the culture of innovation promoted by the Ajman Media City Free Zone. Similarly, London has successfully attracted the best creative talent from the UK by offering access to venture capital funds, angel
investors, crowdfunding platforms, banks and SME trade bodies.”
“Entrepreneurs, SME owners and innovators from these cities look at the UAE as a very attractive and feasible destination to expand, and our cost-effective and creative business set-up offers are received very well by investors from both the cities,” Alhashmi said.
Favourable policies, investor-friendly packages and commitment to innovation and start-ups have already made the Ajman Media City Free Zone an attractive destination in key markets such as China, India, and Egypt. “The UAE is bound to remain among the world’s leading innovation hubs because of its growing base of digital media and entertainment companies and we want to make a significant contribution to the national economy,” Alhashmi said in conclusion.