3M to set up high-tech facility at TechnoPark
TechnoPark, the science and technology facilitator of Economics Zones World has announced that it will be home to a Hi-Tech manufacturing facility for 3M, a global Fortune 500 company.
A long-term lease agreement on a 40 thousand square metre property in TechnoPark was signed by Hamad Al Hashemi, Managing Director of TechnoPark and Irfan Malik, Regional Managing Director of 3M in the presence of Salma Hareb, CEO of Jafza and Economic Zones World.
After the signing, Salma Hareb said: “We are delighted to welcome such a respected global company to TechnoPark. 3M’s business is essentially rooted in applied research and innovation across several sectors. This is the same ideology we have adopted at TechnoPark by creating a modern advanced business environment that fosters growth in industries and the economy. The new 3M facility will be well positioned to serve its vast customer base in the region and complements our vision to become a regional and global technology hub.”
Hamad Al Hashemi, Managing Director of TechnoPark stated: “Our core competencies are to facilitate technology–related research and production by providing a favorable environment for innovative solutions and advancements in technologies and human capacity development particularly in the country's core economic sectors including oil and gas and energy”.
Al Hashemi added: “We are committed to creating a sustainable technology-driven business hub right here in Dubai and to make that happen, we have a planned a number of projects with some of the world’s finest technology companies across all industries and sectors. With pioneering firms such as 3M leading the way in technological development and production, TechnoPark can drive growth in industries that deliver great economic rewards.”
Irfan Malik stated: “We are very pleased to be associated with TechnoPark. Its strategic location, modern state-of-the-art infrastructure and encouraging business environment are a perfect fit for 3M. 3M is a globally diversified technology company, which applies innovation to anticipate customer needs through its 42 core technology platforms. Practical and ingenious solutions are part of 3M’s legacy.
Irfan Malik added: “The growth potential of partnering with the region’s premier technology hub is immense and we are sure this will boost our regional business strategy further. 3M is committed to the Middle East and is looking at expanding its local presence with an organization that is focused on long term local sustainability. The Techno Park project will give 3M local manufacturing and product modification capability, along with localized technical and professional services support to our valued customers.”
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