Sapiem signed an agreement with the Director of the Hamriyah Free Zone Authority (HFZA), Saud Salem Al Mazrouei, and Sharjah Airport Free Zone Authority to establish a major base in the UAE, reports WAM.

The company acquired investment rights to 59,338 square meters of land, which it plans to use as a base for its operations in the Middle East and North Africa, according to ZAWYA.

Saipem is an Italian company that specializes in oil and gas drilling and pipelines. According to the company, it operates in 66 countries and employs over 34,000 employees.