Siemens has signed a 10-year lease agreement to set up operations in Expo 2020 Dubai's District 2020.
The German company has been looking at ways to enhance its presence in the emirate's market.
Around 1,000 company employees are expected to work from the two buildings allocated for Siemens in District 2020.
Once the six-month-long event comes to an end, the area will be turned into residential, commercial and cultural neighbourhoods.
UAE and Costa Rica sign economic partnership deal
The UAE and Costa Rica have signed a Comprehensive Economic Partnership Agreement (CEPA) to improve bilateral trade and investment ties, President His Highness Sheikh Mohammed bin Zayed Al Nahyan said on Thursday.
Dubai-based Telegram app to hit 1 billion users 'within a year'
The Telegram messaging app, one of the most popular social media platforms, will likely cross one billion active monthly users within a year as it is spreading like "forest fire", its billionaire founder Pavel Durov said on Tuesday.
Microsoft invests $1.5 billion in Abu Dhabi AI company G42
G42, the leading UAE-based artificial intelligence (AI) technology holding company, has announced a $1.5 billion investment from Microsoft to strengthen it's expansion into new markets across the globe.
Spinneys announces intention to float on Dubai Financial Market
Spinneys Holding has announced its intention to proceed with an initial public offering (IPO) and to list its ordinary shares for trading on the Dubai Financial Market.
DXB remains world's busiest international airport
Dubai International Airport (DXB) has been ranked the world's busiest hub for international passengers for a tenth consecutive year.
