US software giant Microsoft has said it has moved the company's top bosses handling the global oil and gas industry accounts to Dubai in recognition of the city's position as a strategic commercial hub.
"From Dubai, Microsoft will be centrally located for ready access to our customers in the prevailing and emerging energy centres of the world. Future demand growth will come largely from countries like China, India and the Middle East," Albrecht Ferling, managing director of Worldwide Oil and Gas Industries for Microsoft Corporation, said in a statement.
Dubai's location midway between Central Europe and East Asia is ideal for business travel to all oil capitals, from Houston to Beijing, Ferling said in a statement, speaking from the Cambridge Energy Research Associates' Cera Week 2009, a petroleum industry gathering, in Houston.
"Our industry is facing unprecedented challenges that demand a truly borderless response," he said.