Al Banna (right) and Khadar signing the agreement

Euroblast Middle East, an assembler of oil and gas equipment, has entered into an agreement with Dubai Techno Park, the largest technological hub in the Middle East, to invest in a facility in the park’s premises which it says will be the first of its kind in the region.

The facility will be developed in an area of 8,000 sq m.
“Euroblast is a well-known name in the oil and gas industry and will use this production facility to mainly assemble and test various equipment it trades in. The company has been providing sophisticated project solutions that are conducive to the environment,” a company statement said.
Abdalla Al Banna, commercial director, Dubai Techno Park, said Euroblast was one of the leading companies in surface-finishing technology and that it would be an important addition to the growing number of high-profile companies operating in the park. “The rising need for quality products in the field of oil and gas will be effectively addressed by Euroblast’s facility, and we are pleased to provide them all the support they require in carrying out their business operations smoothly,” he remarked.
“Dubai Techno Park has grown to accommodate a large number of leading technological industries of the world. Our commitment to provide first-class facilities, including a host of attractive incentives and a world-class infrastructure to all our investors, has encouraged more and more companies to set up their operations there.”
The facility will have an R&D department that will focus on clients whose specific needs cannot be fulfilled by standard equipment or various combinations of equipment.
Kabeer Khadar, managing director of Euroblast Middle East, said Dubai TechoPark had seen a number of industry players set up operations in the premises. He also commented that the park provided immense opportunities to companies seeking to make profitable investments in Dubai and position themselves in the global marketplace. “The strategic location of the park gives us easy access to both the Abu Dhabi and Dubai markets, our two main areas of clientele. The infrastructure and the proximity to Jebel Ali International Airport have also positively influenced our decision to set up our facility at the park,” Khadar said.
“Our new facility will be the cradle for all our activities in the Middle East. Our plans to set up a technological hub at the park are in line with our objective of producing tailored solutions to potential problems relating to oil and gas savings in cost and time,” he added.
The spokesman said Euroblast would continue to provide project solutions “conducive to environmental requirements” with a dedicated design office and the R&D centre. “To speed up the process, the company will rely heavily on the technical resources available at the park.”
Dubai Techno Park is being developed as a hub for various industries and the new economic zone provides attractive incentives and a single-window clearance. The hub has the backing of the Government of Dubai as well as many private and semi-private organisations.