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McDermott extends Jafza lease deal

Dubai, September 18, 2010

McDermott, a leading engineering, procurement, construction company, has renewed until 2030 the lease for its Middle East fabrication facility, marine base and regional headquarters located in Jebel Ali Free Zone (Jafza) in Dubai.

McDermott originally started operating in the region from a fabrication facility on the shores of Dubai Creek in 1971 before moving to Jafza in 1986. The facility was officially inaugurated by Shaikh Mohammad Bin Rashid Al Maktoum on January 18, 1987.

Stewart Mitchell, McDermott’s vice president and general manager, Middle East and India: said, "It is a great pleasure for us to continue our relationship with Jafza."

"As one of the first companies to set up in the Free Zone, we have watched the free zone grow, and the infrastructure that Jafza has developed has helped our business to become one of the leading engineering, procurement, construction and installation providers of offshore oil and gas facilities in the world," he added.

Ibrahim Mohamed Aljanahi, deputy CEO and chief commercial officer- Jafza, said: "McDermott’s continued use of Jafza as their regional headquarters and Middle East fabrication facility till 2030, reflects a committed partnership."

"This is an important relationship to us at Jafza and one that I am sure will grow in the coming years. As dedicated facilitators, we are happy to have contributed to their remarkable achievements in their last two decades at Jafza. We extend our wishes and support towards making the next 20 years together equally significant," he added.

Today, McDermott is one of the largest companies operating in Jafza, employing more than 6,000 people, said Mitchell.

Since relocating to the Free Zone, McDermott has completed in excess of 78 million man-hours of fabrication work, delivering 391 structures weighing more than 573,000 tonnes to 30 customers in 18 countries, including the Middle East, Gulf of Mexico, Europe, India, Caspian and West Africa, he noted.-TradeArabia News Service




Tags: Jebel Ali Free Zone | engineering | McDermott |

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