Oman’s Duqm Development initiative to attract large activity for construction segment

 Rubber World Industries eyeing to play major role in Oman’s construction growth with move to expand trading division

Oman’s Duqm Development program, which has been touted as the country’s largest economic initiative, is being forecasted to drive in increased activity for Oman’s construction segment. The multi-billion dollar industrial, tourism and urban scheme is anchored by a world-class port and dry dock complex and has been conceived as a dynamo of economic growth to fuel the Oman's long-term prosperity. Eyeing to play a major part in this forecasted growth, Rubber World Industries (RWI), the leading manufacturer of closed-cell rubber insulation 'Gulf-O-Flex' in the Gulf and South East Asia, and part of the international business conglomerate, the Shaikhani Group of Companies, has announced its plans to position itself as a major provider of world class high quality rubber based building materials through the strategic move of expanding its trading division.

RWI is set to launch a more expanded trading portfolio to help complement the growing number of projects in Oman, ably positioning itself as a provider of world class high quality rubber based products for the country’s construction segment. New trading products to be launched as part of this strategic move will include rubber-based products like Aluminium Insulation tubes, Aluminium Insulation Sheet, Aluminium Insulation roll, Slitting tubes, Colour tubes and Foam tapes, PVC tapes, Flexible Duct insulated, Flexible Duct un-insulated.

“The Middle East and North African region’s construction industry is moving on the fast track in terms of new projects and the resumption of projects that were stalled by the recent economic downturn,” said Rizwan Shaikhani, Managing Director, RWI. “Oman, in particular, is being expected to attract a large number of construction projects as a result of the roll out of its Duqm Development initiative. We are very eager to position ourselves as a major provider of world class rubber based building materials for Oman’s expected influx of construction projects. In fact, we have launched latest additions to our trading products portfolio.”

Aside from the Duqm Development program, the Omani government is also set to develop infrastructure projects with every economy sector benefiting from increased public spending. Oman’s construction industry is expected to reach more than USD 27 billion by 2014, according to research from Ventures.

Memon Investments reveal remarkable growth in 2011

Memon Investments, a leading Dubai-based property developer and part of the international business conglomerate, Shaikhani Group, has revealed impressive growth for 2011, leading to a more stable flow of development for projects in 2012. Aiming to maintain its growth streak, the company will be concentrating on completing all of its projects and delivery to owners in 2012 onwards. Memon Investments UAE portfolio comprises of prestigious residential projects including ‘Champions Towers I, II, III, and IV’ and ‘Frankfurt Sports Tower I’ in Dubai Sports City; ‘Gardenia I & II’ in Jumeirah Village, and its inaugural commercial venture -‘Cambridge Business Centre’ in Dubai Silicon Oasis, all of which embody the developer’s trademark top-notch quality and uniqueness.

According to Memon senior officials, the company remains upbeat that 2012 will see continued growth for the country’s real estate segment. Officials have shared that investors who lost confidence during the recent economic downturn have now regained footing and have become active again in the market. Another reason for the vibrant market is the influx of new projects across the Middle East region, thereby inspiring in growth for the UAE in particular. Reflecting the company’s confidence in completing all of their projects for 2012, Memon Investments has shared that Champions Tower I (CTI), the first of the four Champions Towers, will be delivered to its customers in the first quarter of 2012.

“2011 was a very exciting year for Memon Investments as we were able to develop stability and a clearer focus towards completing all our projects,” said Ahmed Shaikhani, Managing Director, Memon Investments. “Last year sparked a renewed vibrancy for the real estate segment, upping the levels of investor confidence and prompting the resumption of stalled projects and the launch of newer ones. As the New Year rolls in, we are now looking to consolidate our leadership by paying strong focus on the completion of our projects and their eventual turn over to the owners. This move reflects our continued commitment to provide the UAE with world-class property development projects that meet the demands of our intended target markets.”

2011 also proved to be a banner year for the company in terms of awards and recognitions received. In fact, Memon Investments won three awards during last year’s edition of the ‘Arabian Property Awards,’ one of the world’s most prestigious real estate competitions. The company received ‘5 Star Awards’ for Champions Tower III, Cambridge Business Centre Commercial Offices and Cambridge Business Centre Retail Shops. The awards demonstrate Memon Investments continued commitment towards creating world class development projects and move to redefine the UAE’s real estate sector.

“Memon Investments understands the importance of development in a global city like Dubai. Rest assured we are determined to complete the developments of all our projects and also provide key facilities management services to our valued customers,” concluded Shaikhani.

Memon to focus on project completion, delivery

Memon Investments, a leading Dubai-based property developer and part of the business conglomerate Shaikhani Group, will concentrate on completing all of its projects and delivery to owners starting 2012.
The portfolio of Memon Investments UAE, which revealed impressive growth for 2011, comprises of prestigious residential projects including Champions Towers I, II, III, and IV and Frankfurt Sports Tower I in Dubai Sports City; Gardenia I & II in Jumeirah Village, and its inaugural commercial venture -Cambridge Business Centre in Dubai Silicon Oasis.

According to Memon senior officials, the company remains upbeat that 2012 will see continued growth for the country’s real estate segment.

Officials have shared that investors who lost confidence during the recent economic downturn have now regained footing and have become active again in the market.

Another reason for the vibrant market is the influx of new projects across the Middle East region, thereby inspiring in growth for the UAE in particular.

Reflecting the company’s confidence in completing all of their projects for 2012, Memon Investments said that Champions Tower I (CTI), the first of the four Champions Towers, will be delivered to its customers in the first quarter of 2012.

“2011 was a very exciting year for Memon Investments as we were able to develop stability and a clearer focus towards completing all our projects,” said Ahmed Shaikhani, managing director, Memon Investments.
“Last year sparked a renewed vibrancy for the real estate segment, upping the levels of investor confidence and prompting the resumption of stalled projects and the launch of newer ones.”

“As the New Year rolls in, we are now looking to consolidate our leadership by paying strong focus on the completion of our projects and their eventual turn over to the owners. This move reflects our continued commitment to provide the UAE with world-class property development projects that meet the demands of our intended target markets,” he added.

“Memon Investments understands the importance of development in a global city like Dubai. Rest assured we are determined to complete the developments of all our projects and also provide key facilities management services to our valued customers,” concluded Shaikhani. – TradeArabia News Service