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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.

  • United Arab Emirates: Sunday, June 29 - 2008 at 16:34
  • PRESS RELEASE


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        'caption' => 'Irfan Malik, Regional Managing Director of 3M signs a lease agreement with Hamad Al Hashemi, Managing Director of TechnoPark together with (on the left) Tariq Movania, Project Leader, Gulf Manufacturing Manager, 3M and Walid Sowaidan Legal Affairs Manager Middle East and North Africa and (on the right) Salma Hareb, CEO of Jafza and Economic Zones World and Abdalla Al Banna, VP Sales & Marketing TechnoPark.',
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Irfan Malik, Regional Managing Director of 3M signs a lease agreement with Hamad Al Hashemi, Managing Director of TechnoPark together with (on the left) Tariq Movania, Project Leader, Gulf Manufacturing Manager, 3M and Walid Sowaidan Legal Affairs Manager Middle East and North Africa and (on the right) Salma Hareb, CEO of Jafza and Economic Zones World and Abdalla Al Banna, VP Sales & Marketing TechnoPark.
Irfan Malik, Regional Managing Director of 3M signs a lease agreement with Hamad Al Hashemi, Managing Director of TechnoPark together with (on the left) Tariq Movania, Project Leader, Gulf Manufacturing Manager, 3M and Walid Sowaidan Legal Affairs Manager Middle East and North Africa and (on the right) Salma Hareb, CEO of Jafza and Economic Zones World and Abdalla Al Banna, VP Sales & Marketing TechnoPark.


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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.

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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About TechnoPark

TechnoPark is a fully owned subsidiary of Economic Zones World. It symbolizes Dubai's vision to develop a knowledge-based technology-centric sustainable business hub, which will not only support the country's research and development needs in core sectors, but will also support the nation's long term economic development and growth.

TechnoPark is focused on Research, Development and Studies in core economic sectors, including Energy, Desalination and Water Resources Management, Environmental Resource Management and technology driven knowledge-based industrial development. TechnoPark's R&D initiatives focus on nurturing business ideas or new technologies in the various fields, which could be quickly translated into real-world industrial / business operations.

TechnoPark's Research and Development initiatives are also directed at improving the existing technologies in the country's core economic sectors to enhance production efficiencies.

About 3M
A recognized leader in research and development, 3M produces thousands of innovative products for dozens of diverse markets. 3M's core strength is applying its more than 40 distinct technology platforms - often in combination - to a wide array of customer needs. With $24bn in sales, 3M employs 75,000 people worldwide and has operations in more than 60 countries. For more information, visit www.3M.com.

For more information, please contact:

Adeti Changulani
World View Communications,
Dubai World

For more information, please contact:
Adeti Changulani
World View Communications,
Dubai World
Lara Lynn Golden Posted by Lara Lynn Golden, News Editor
Sunday, June 29 - 2008 at 16:34 UAE local time (GMT+4)

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