MUNICH: April 18, 2017. Siemens is to base its logistics business for airports, cargo infrastructure and ports in Dubai and will move its headquarters to the Expo 2020 site after the exposition ends.
Siemens said it sees "great growth potential" in the Middle East as well as the global logistics market generally and expects the new move to support its 'Vision 2020' for related logistics businesses.
Citing reports from Transparency Market Research and Frost & Sullivan, Siemens expects the global logistics market to grow at a compound annual rate of 7.5 percent, and UAE growth at 5.7 percent between 2015 and 2020.
"This strategic decision highlights Dubai's significance as a major player in global transport and logistics, with some of the world's biggest airlines and ports operating in and around the emirate," said Siemens' Managing Board member and CTO Roland Busch. "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.
Expo 2020 Dubai has announced Siemens is to become a Premier Partner for Intelligent Infrastructure & Operations, providing a wide range of innovative solutions, technologies and products to help plan, build and operate the Expo well beyond its closure.
Under the partnership, Siemens will also provide smart solutions for Expo 2020 technical and site operations and implement MindSphere, an open operating system for The Internet of Things.
Ruler of Dubai and chairman of the Expo 2020 Dubai Higher Committee, Sheikh Ahmed bin Saeed Al Maktoum, said the decision of Siemens to set up its global logistics headquarters at the site after 2021 was a landmark in the overall journey of Expo.
"The decision by Siemens to set up its global headquarters for logistics in Dubai is a vote of confidence for the strong viable legacy plan for the Expo 2020 site and also confirms the global role that Dubai plays as an international hub for business, the logistics, aviation and maritime industries," he said.
The new Dubai headquarters would include all levels of value-added services including global management and strategy, innovation, digitalization software development, sales, assembly and production. Siemens has been operating in the UAE for more than 40 years and currently employs 2,600 people from 80 countries.