April 19 - Siemens, one of the largest manufacturing and electronic companies in the world, will set up its global logistics headquarters, including its portfolio for airports, cargo infrastructure and ports, in Dubai.

In a press release, the company said it will use the site of Expo 2020 Dubai as the future location for this business, after the next World Expo ends in April 2021.

The decision of the German company to locate some of its key businesses in the 4.38 sq km Dubai South site will capitalise on the industrial and logistics developments in the emirate.

Siemens says the move supports the legacy aspirations of Expo 2020 Dubai, as well as the industrial and logistics developments in the emirate and adds that it sees great growth potential in the Middle East region and in the logistics market globally.

The company expects this development to support its Vision 2020 and related logistics businesses, creating new growth opportunities globally.

"This strategic decision highlights Dubai's significance as a major player in global transport and logistics, with some of the world's biggest airlines and ports operating in and around the emirate. Siemens wants to further expand its operations in order to be close to key customers and markets. The Expo site would be a perfect match, featuring state-of-the-art facilities, infrastructure and technology, coupled with enviable transport connections," said Siemens' managing board member and chief technology officer Roland Busch.

"We are committed to contributing to Dubai's economic development goals with the latest innovations in technology. By using digitalisation and leveraging MindSphere, our open, cloud-based Internet of Things (IoT) operating system, we support growth and boost efficiencies in logistics."

The headquarters in Dubai would include Siemens' competences in its portfolio fields for airports, cargo infrastructure and ports. All levels of value addition would be represented locally, including global management and strategy, innovation, digitalisation software development, sales, assembly and production.

Siemens has been operating in the UAE for more than 40 years across its different businesses, and currently directly employs 2,600 highly skilled workers of more than 80 nationalities and enables more than 15,600 jobs in the country.