Rubber World Industries plans Qatar expansion
Dubai, January 31, 2011
Rubber World Industries (RWI), a leading manufacturer of closed-cell rubber insulation 'Gulf-O-flex' in the Gulf and South-East Asia, plans to expand its network of local clients and partners in Qatar.
Senior company officials said the company is making extensive efforts to tap into the opportunities expected to open up with an estimated $100 billion infrastructure spending between 2011 and 2015 as Qatar hosts the FIFA World Cup in 2022.
Qatar’s hosting of the World Cup is expected to see a rapid acceleration in economic activity, which will translate into a big boost across all industrial sectors including construction in a big way. Demand for building materials is set to rise with several construction projects coming up and over 33,000 housing units planned to be built in 2011.
RWI’s products have been vital components of major property developments across the Middle East and are preferred by leading developers. The company expects the expansion in construction to further drive the demand for high-quality rubber insulation products that can match the quality requirements of the upcoming world-class developments in the country.
RWI is set to intensify its efforts in order to fulfil the surge in demand through increased production and aggressive expansion initiatives.
“Companies worldwide have set their eyes on Qatar’s booming economy, particularly after the announcement regarding its hosting of the World Cup 2022. We see it as an excellent opportunity for us to grow in Qatar and we will be quick to tap into it,” stated Muzammil Shaikhani, managing director, Rubber World Industries.
Apart from its aggressive expansion initiatives, RWI aims to increase its growth in 2011 and is likely to record over 50 per cent growth in business in Qatar this year.-TradeArabia News Service