US aircraft manufacturer Boeing plans to establish its Middle East headquarter here, aimed at expanding its footprint in the Gulf region.
The Memorandum of Agreement - signed at the Dubai Airshow with Dubai South - was confirmed at a private signing ceremony.
"I congratulate Boeing on its strategic decision to establish its regional headquarters at Dubai South - a city that embodies Dubai's aerospace vision," said Ahmed Bin Saeed Al Maktoum, chairman of Dubai Aviation City Corporation.
"I am confident that the new address will deliver a solid advantage to Boeing as it seeks to expand its footprint in Dubai and in the region," he added.
The agreement details a framework for Boeing's operations to be housed at the recently rebranded Dubai South, previously known as Dubai World Central, which will include Boeing Middle East's headquarters, a spare parts warehouse, a distribution facility and a maintenance training facility to service the region.
"Boeing is the world's leading aerospace company, and to ensure our regional competitiveness, we have taken a strategic decision to establish our regional headquarters in what will become an unrivaled logistics and aviation hub," said Dennis Muilenburg, Boeing president and CEO.
