Dove Energy Group (DEG), an oil and gas producing company, said yesterday that it has received a licence to establish global headquarters at the Dubai International Financial Centre (DIFC).
DEG said it has chosen Dubai as it is easy to cater to Middle East and North Africa from the emirate.
DIFC's international common-law framework will provide the group with legal security and certainty necessary to operate its operations
Abdulla Al Awar, Managing Director, DIFC Authority, said: "As the primary gateway for capital and investment in the region, DIFC will provide Dove Energy Group the perfect platform to grow its business and develop key ties in the region.
"We look forward to providing DEG with the support necessary to establish its international headquarters." Apart from the group headquarters in DIFC, DEG will also manage two other entities – Dove Energy Limited and Dove Energy.
Philip Maxwell, Chief Executive Officer, Dove Energy Group, said the firm "is an opportunistic investor in both oil and gas exploration, producing assets that have the potential to create long-term value through appropriate investment in technology, good operational management, and efficiency improvements".