Siemens has announced plans to set up its global logistics headquarters in Dubai in the near future, including its portfolio for airports, cargo infrastructure and ports in the emirate.
The German company will target the site of Expo 2020 Dubai as the future location for this business after the exposition ends.
Siemens sees great growth potential in the Middle East region and in the logistics market globally. The company expects this development to support its Vision 2020 and related logistics businesses, creating new growth opportunities globally.
Siemens Chief Executive Officer, Joe Kaeser, said: Siemens has a long history in Expo partnerships and we are delighted to be a Premier Partner for Intelligent Infrastructure and Operations leveraging our open IoT operating system, Mindsphere, for Expo 2020 Dubai and beyond.
Through this collaboration, we look forward to supporting Dubais sustainable development goals with our innovative solutions, helping bring the emirate closer to its ambition of becoming one of the worlds smartest cities.
Siemens Managing Board member and Chief Technology Officer Roland Busch, said: This strategic decision highlights Dubais significance as a major player in global transport and logistics, with some of the worlds biggest airlines and ports operating in and around the emirate.
Siemens wants to further expand its operations in order to be close to key customers and markets. The Expo site would be a perfect match, featuring state-of-the-art facilities, infrastructure and technology, coupled with enviable transport connections.
He added: We are committed to contributing to Dubais economic development goals with the latest innovations in technology. By using digitalization and leveraging MindSphere, our open, cloud-based IoT operating system, we support growth and boost efficiencies in logistics.
The headquarters in Dubai would include Siemens competences in its portfolio fields for airports, cargo infrastructure and ports.
All levels of value addition would be represented locally, including global management and strategy, innovation, digitalization software development, sales, assembly and production.
In a recent report, Frost & Sullivan estimated the UAEs logistics sector will grow at a CAGR of 5.7 per cent between 2015 and 2020.
Siemens has been operating in the UAE for more than 40 years across its different businesses, and currently directly employs 2,600 highly-skilled workers of more than 80 nationalities.