Global oilfield services company Schlumberger has become the first freezone company to be established under the Dubai World Trade Centre Authority (DWTC Authority).
In a press release, the DWTC Authority also says that Schlumberger has also become the first blue chip tenant at the new Dubai Trade Centre District (DTCD), an integrated mixed used real estate development comprising 535,000sqm of gross floor area.
Schlumberger, which signed a long term lease, will occupy three floors encompassing 5,762sqm in the newly completed office property in DTCD.
The company is expected to commence operations in April 2016. The additional leased space adds to Schlumberger’s current operations in Dubai.
The signing of the agreement was undertaken by Ramadan Mansour, vice president, Shared Services Organization – Middle East, Schlumberger and Mansoor Althani, senior vice president, Corporate Operations, Dubai World Trade Centre (DWTC), in the presence of Helal Almarri, director general of the Department of Tourism & Commerce Marketing and Dubai World Trade Centre Authority; and Marwan Moufarrej, president – Middle East, Schlumberger.
“Dubai has been Schlumberger’s Middle East Headquarters for 35 years. And over the years we have expanded our footprint here with facilities in DWTC, JAFZA and in DIFC,” Moufarrej said.
“We highly value our relationship with DWTC Authority in this Free Zone which has been built on transparency and trust. Today we are cementing this partnership by registering ourselves as the first freezone company in this Free Zone and signing the first long-term lease in the new office property in DTCD,” he said.
“To have Schlumberger as our first blue chip anchor tenant in our office property is a further catalyst to the property which has already achieved more than 70% of prelease commitments for the office space,” said Gurjit Singh, senior vice president – Real Estate, Dubai World Trade Centre.
