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MHI to Establish Strategic Business Development Office for the UAE

Posted on August 31, 2009

Mitsubishi Heavy Industries, Ltd. (MHI) will establish a new "Strategic Business Development Office for the UAE" within the company's Machinery & Steel Structures Headquarters at its main office in Tokyo, effective October 1. The launch of the new unit is aimed at strengthening the company's business development activities in the United Arab Emirates (UAE), especially in the Emirate of Abu Dhabi, the capital. MHI's move focuses on Abu Dhabi's initiative to develop new energies and establish an environment-friendly social infrastructure leveraging its revenues from petroleum resources. In the near term, MHI will mainly target projects involving carbon capture and storage (CCS) coupled with enhanced oil recovery (EOR) and next-generation transportation systems.

Currently Abu Dhabi is vigorously promoting the "Masdar Initiative," a strategic economic development program with environmental and sustainability priorities which was established by the Crown Prince, His Highness Sheikh Mohammed bin Zayed Al Nahyan. The newly established MHI office for the UAE will liaison with Masdar, a private joint stock company for promoting and implementing the Masdar Initiative, and other governmental offices; it will also conduct such activities as developing project response, preparation of joint-venture proposals, introduction of relevant technologies, and coordination tasks.

The new office will initially start with nine staff members: five on dedicated duty and the other four working concurrently on other assignments. Many business transactions and projects being planned or discussed in the UAE, including Abu Dhabi, relate to MHI products and technologies associated with its Machinery and Steel Structures Headquarters. It is for that reason that the new unit is being established within the Headquarters; however, other company units will also work closely with the new office, especially the Sustainability Energy & Environment Strategic Planning Department, Power Systems Headquarters and Air-Conditioning & Refrigeration Systems Headquarters.

The new office will initially start with nine staff members: five on dedicated duty and the other four working concurrently on other assignments. Many business transactions and projects being planned or discussed in the UAE, including Abu Dhabi, relate to MHI products and technologies associated with its Machinery and Steel Structures Headquarters. It is for that reason that the new unit is being established within the Headquarters; however, other company units will also work closely with the new office, especially the Sustainability Energy & Environment Strategic Planning Department, Power Systems Headquarters and Air-Conditioning & Refrigeration Systems Headquarters.

For more information: www.mhi.co.jp

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