Rubber World eyes Qatar construction market
Dubai, July 7, 2009
Rubber World Industries (RWI), the leading manufacturer of closed-cell rubber insulation 'Gulf-O-flex', is currently eyeing prospects within the growing Qatari construction market.
This is in line with the stability of Qatar’s economy relative to the rest of the region, and amidst recent BMI reports that the country’s construction sector is poised for a 16.28 per cent year-on-year growth in 2009.
Senior company officials also revealed that extensive efforts are being taken to step up RWI’s production to 1,800 containers per year in order to adequately supply and meet the growing demand for rubber insulation products in Qatar and the rest of the region.
As the Qatar construction sector witnesses continued activity and a surge in the number of large projects, RWI is currently developing new strategies and studying expansion possibilities that will boost the supply process of its industry-leading, eco-friendly products to the country.
With analysis from BMI’s ‘Qatar Infrastructure Report Q2 2009’ suggesting strong potential for Qatar to exceed its recorded growth in 2008 this year, the company is anticipating ongoing mega-projects in the country to continuously fuel the demand for its products, which have earned significant recognition from world renowned organizations.
“The visionary initiatives of the Qatar Government have resulted in the strength of the country’s economy despite the current economic slowdown, and we are committed to supporting the success of this regional model of strategic planning,” said Abu Baker Shaikhani, managing director, Rubber World Industries and chairman of the Memon Group.
“In the midst of more intense construction activities and an impending need for more energy, which will introduce the need for new projects to increase the generated capacity, RWI is committed to become a leading partner for rubber insulation among Qatar-based projects.” – TradeArabia News Service