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Thu 5 Mar 2020 04:36 PM

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Siemens signs 10-year lease deal for offices in Dubai's District 2020

German giant says it will establish its Dubai operations at District 2020 from mid-2021, after the close of Expo 2020 Dubai

Siemens signs 10-year lease deal for offices in Dubai's District 2020

District 2020 is the physical manifestation of Expo 2020’s long-term investment in the future of the UAE.

District 2020, the legacy project of Expo 2020 Dubai, has announced that one of its key anchor tenants, Siemens, has signed a 10-year lease agreement for two buildings.

The agreement will see the German company establish its Dubai operations at District 2020 from mid-2021, after the close of Expo 2020 Dubai.

The lease agreement outlines the establishment of different divisions of Siemens’ business group at District 2020, including the soon to be spun off Siemens Energy.

The announcement follows Siemens’ 2017 commitment to establish a global headquarters for its airports, cargo, and port logistics business in District 2020.

The 11,000 square metre office space will host about 1,000 Siemens employees, a statement said.

Marjan Faraidooni, chief pavilions and exhibitions officer, Expo 2020 Dubai, said: “We are delighted to announce this long-term agreement that extends Siemens’ commitment within District 2020, where they will play a key role in the transition of the Expo 2020 site into a tech-enabled and human-centred smart city.

“Collaborating with Siemens is significant as we work to create an innovation-focused environment that delivers value for decades to come, as part of a meaningful legacy for Expo 2020 Dubai.”

Dietmar Siersdorfer, CEO of Siemens UAE and Middle East, said: “Our new offices will be some of the most technologically advanced in the UAE, and our decision to call District 2020 home underscores our commitment to investing in the future of Dubai and the region beyond 2020.”

District 2020 is the physical manifestation of Expo 2020’s long-term investment in the future of the UAE. A report published last year by global consultancy EY predicted that Expo 2020 would contribute $33.4 billion to the UAE economy and support 905,200 job-years from 2013-31.

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