Proclad to set up $109 million Dubai complex
Posted: 03 October 2005
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Proclad Group International has signed an agreement with Dubai Techno Park to set up a Dh400 million ($109 million) industry complex at the park.
The industry complex will be developed on a total land area of 500,000 square feet, and will house more than 300 employees, including scientists, consultants, engineers and technicians.
The complex will comprise Proclad's manufacturing facility that will produce specialised products for the oil and gas industry, besides a professional training academy to impart advanced training to local students to help them evolve into competitive professionals in the oil and gas industry.
Proclad Group International a leading company in the oil and gas and petrochemical industry.
The industrial complex will also have a Research and Development Centre focused on developing innovative technologies relevant to the oil and gas sector.
This centre will be linked with Proclad R&D centres in Scotland and Singapore, set up in collaboration with leading European and American Research & Development institutes.
Proclad Group International CEO Yaseen Jafar said: ' Proclad has stepped up its operations in the Middle East, and is currently bidding for a number of projects which are cumulatively worth hundreds of millions of dollars.
'The industrial complex at Techno Park will handle most of these high-profile projects, and will effectively serve as the nerve centre for all our future operations.'
' Dubai Techno Park offers a stimulating business environment, and its strategic location and excellent infrastructure facilities were key factors that influenced our decision to establish operations there,' Yaseen Jafar added.
Proclad has been involved in a number of major projects throughout the world, and has provided its products and services to a host of blue-chip clients, including Adnoc Group, Saudi Aramco, BP, McDermott, Shell, RasGas, Technip, ABB Vetco Gray and Cooper Cameron.
Dubai Techno Park CEO Abdullah Ahmed Al Quraishi said: 'We are pleased to welcome Proclad to the growing list of high-profile companies which have established operations in Techno Park.
' Proclad is one of the biggest names in the global oil and gas industry, and their decision to set up their new industrial complex at Techno Park will add considerable value to our client portfolio.'
Al Quraishi said the Techno Park was launched with the aim of being a 'veritable cluster of leading technology companies, representing the entire breadth of the technology industry'.
He said: 'The Park already features some of the leading regional and international industry players, which has been prompting more and more companies to actively consider setting up facilities in this exclusive zone.
'We are committed to provide these companies with every support possible, to enable them to efficiently and cost-effectively run their operations,' Al Quraishi added.
The first technology park of its kind in the Middle East, Dubai Techno Park offers investors a host of advantages, including attractive incentives, world-class infrastructure and single-window clearance.
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