As more foreign companies enter the UAE's oil and gas fields, a new prospect is coming into view: the country is positioned to become a true regional hub for the energy industry.
As more areas are opened to exploration, and as existing concessions come up for renewal, a number of new companies are moving into the business. Companies from Germany, Austria, South Korea and China have all recently signed deals. Some of the new entrants are operating, or plan to operate, elsewhere in the region. They will need regional headquarters.
With an already developed oil and gas industry, ample reserves, stable government, a relatively open economy, superior travel and shipping infrastructure, and an excellent reputation, the UAE is the obvious location for those offices. With them would come oilfield-services companies that are essential to the industry.
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