UAE- Weir displays 20 million facility

Date

11/30/2015 11:50:41 PM

(MENAFN- Khaleej Times)

Dubai: The Weir Group or Weir the Group announced details of the UAE's first wellhead manufacturing facility. The $20 million investment will see local manufacture and service of highly engineered equipment for use in upstream and downstream oil and gas operations.

"Weir has been operating in Middle East for more than 100 years and this unique investment reflects the demand for the world's best oil and gas technology to be made in the UAE. It also demonstrates the strength of our local manufacturing and engineering talent and the key position UAE holds as a centre of growth in the global oil and gas industry" Weir Group chief executive Keith Cochrane said.

Sultan Ahmed bin Sulayem Chairman of DP World and Ports Customs and Free Zone Corporation said Weir Group's new state-of-the art manufacturing facility in Jafza reinforces the free zone's status as the business hub for the oil and gas industry for the wider Middle East region that spans from West Asia the CIS Africa and the Indian Subcontinent.

"I am sure the new facility will allow Weir to serve the industry in the region more efficiently. I congratulate them for their prudent move and wish them great success in further strengthening their presence in the region."

The 250000 square feet facility is based in Dubai's Jebel Ali Free Zone and will have over 300 employees providing turnkey solutions to customers across the MENA and Caspian regions.

Vikas Handa managing director of Weir Oil and Gas Services said: "This investment means oil companies in the region can now get the products they need when they need them with rapid response and delivery times."

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