Euroblast Middle East invest in Dubai Techno Park
Posted: 7 May 2006
8000 square meter facility to cradle high tech Oil & Gas technology in the Middle East
Euroblast Middle East, an assembler of Oil & Gas equipments, has entered into an agreement with Dubai Techno Park, the largest technological hub in the Middle East, to invest AED 10 million in a facility in the Park’s premises.
The facility will be developed in an area of 8000 square meters and will accommodate their specialized facility used to service their clients in the Oil & Gas and industry.
Euroblast is a well-known name in the Oil & Gas industry and will use this production facility to mainly assemble and test various equipments they trade in.
Euroblast has been providing sophisticated project solutions that are conducive to the environment.
Abdalla Al Banna, Commercial Director, Dubai Techno Park said, “One of the leading companies in surface finishing technology, Euroblast is an important addition to the growing high profile companies operating in our premises. The rising need for quality products in the field of Oil & Gas will be effectively addressed by Euroblast’s facility in the Park, and we are pleased to provide them all the support they require in carrying out their business operations smoothly.”
“Dubai Techno Park has grown to accommodate a large number of leading technological industries of the world. Our commitment to provide first-class facilities, including a host of attractive incentives and a world-class infrastructure to all our investors, has encouraged more and more companies to set up their operations at our premises,” said Al Banna
Euroblast’s proposed fully equipped technology centre will be the first-of-its-kind in the Middle East. From this centre, clients from the Oil & Gas industry will have the opportunity to test various equipments to suit their requirements.
The facility will also have a R&D department which will focus on clients whose specific needs cannot be fulfilled by standard equipments or various combinations of equipments.
"Dubai TechoPark, the site for global investments from diverse industries, has seen a number of industry players set up operations in the premises, since its inception," said Kabeer Khadar, Managing Director of Euroblast Middle East.
"The Park provides immense opportunities to companies seeking to make profitable investments in Dubai and position themselves in the global market place. The strategic location of the Park gives us easy access to both Abu Dhabi and Dubai markets, our two main areas of clientele. The infrastructure and the proximity to Jebel Ali International Airport have also positively influenced our decision to set up our facility at the Park."
"Our new facility will be the cradle for all our activities in the Middle East region. Our plans to set up a technological hub at the park is in line with our objective of producing tailored solutions to potential problems relating to Oil & Gas savings in cost and time," said Khadar.
Euroblast will continue to provide project solutions conducive to environment requirements with a dedicated design office and a research and development centre. To speed up this process, the company intends to rely heavily on the technical resources available in the Park
Dubai Techno Park is being developed as a hub for various industries and the new economic zone provides attractive incentives, and single-window clearance. It is the first technology park of its kind in the Middle East and brings with it the backing of the Government of Dubai as well as many private and semi-private organizations.