Siemens signs 10-year lease with District 2020
Approximately 1,000 Siemens employees are expected to work from the two buildings once the transition to District 2020 is complete
Siemens has inked a 10-year lease agreement with Expo 2020 Dubai to set up its operations at District 2020 from mid-2021, following the close of Expo 2020 Dubai. The agreement outlines the establishment of different divisions of Siemens’ business group at District 2020, including the soon to be spun off Siemens Energy, says the statement from Expo 2020 Dubai.
District 2020 is the physical manifestation of Expo 2020’s long-term investment in the future of the UAE, boosting the economy, helping to spur growth and support jobs for many years to come, the statement notes.
As per the deal, Siemens – billed as a key anchor tenant – will grow its presence within District 2020’s innovation ecosystem and community, following the signing of the 10-year lease agreement for two buildings.
“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. The partnership supports our vision to curate an ecosystem that enables cross-industry collaboration between global businesses, ultimately driving their respective industries forward,” explained Marjan Faraidooni, Chief Pavilions and Exhibitions officer at Expo 2020 Dubai.
The German company’s 11,000sqm office space will be among the most technologically advanced in the UAE and will serve as a base in Dubai for Siemens and the newly independent Siemens Energy, the statement noted.
Approximately 1,000 Siemens employees are expected to work from the two buildings once the transition has been complete. The firm’s presence will encourage industry growth, enable innovation and stimulate job creation, bringing continuous long-term value to the project, the statement said.
The announcement is said to follow Siemens’ 2017 commitment to establish a global headquarters for its airports, cargo and port logistics business in District 2020, said officials at the signing ceremony.
Faraidooni was speaking at the signing ceremony which was attended by key representatives from Expo 2020 and Siemens including Reem Al Hashimy, director general, Expo 2020 Dubai; Dr Roland Busch, deputy CEO, CTO, and Member of the Managing Board of Siemens and Michael Bueker, CFO of Siemens and Siemens Middle East.
“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. Thanks to its remarkable global reputation, Siemens will help us to attract other businesses who will benefit from being in close proximity to major players in technologies and growth sectors of the UAE economy,” remarked Faraidooni.
The two office buildings will inherit the building technologies installed by Siemens for Expo 2020 Dubai. This includes the smart sensors from Enlighted, a Siemens IoT solutions provider. The IoT platform creates ‘sensory systems’ throughout the building, providing real-time data and analytics into how the building is being used, the statement said.
