Agreement signed between AFZ (Ajman Free Zone) and Noon, an Online Retailer to expand services in e-commerce
AFZ (Ajman Free Zone) and Noon.com have signed a Memorandum of Understanding in order to gain new investors and increase the UAE’s sector of e-commerce.
Due to the MoU, the existing investors of AFZ (Ajman Free Zone), who have licenses in e-commerce, can now enter and join the platform of Noon and can also use the main payment gateway of e-commerce sector.
Companies that want to gain access to Noon in order to use their digital platform, but are not included in the free zone can get a license in e-commerce for this.
AFZ (Ajman Free Zone) says that Noon, known as one of the top platforms in e-commerce in the UAE, has helped them through the strategic partnership between both parties. This development will help customers and their investors by showing them fresh opportunities for development and expansion. AFZ (Ajman Free Zone) is sure that this partnership will show fruitful results, particularly the development of the sector of e-commerce. Due to the support of the government and the UAE’s constant modernization of the digital infrastructure, it has become easier for AFZ (Ajman Free Zone) and other companies to offer advanced services.
This partnership has opened up doorways for many start-ups with the best tools needed for; online services, sales, and new customers. Furthermore, the Free Zone is excited to assist SMEs.
The United Arab Emirates market in e-commerce is one of the top, most developed within the MENA, Middle East, and North Africa region, with a 4.2% penetration rate.