Bahrain: Investment in construction sector is crucial
Strong government support through major investments and programmes is expected to spur more growth for Bahrain's construction industry in 2012. The country's move to launch and develop more social housing projects is a major driver in this segment.
Eyeing to play a major part in this forecasted growth, Rubber World Industries (RWI) 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 the leading manufacturer of closed-cell rubber insulation Gulf-O-Flex in the Gulf and South East Asia, and a part of the international business conglomerate, the Shaikhani Group of Companies. "The Middle East and North Africa 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 RWI Bahrain managing director Rizwan Shaikhani.
"Bahrain, in particular, has been forecasted to experience key growth this year through the strong support and backing of the Bahraini government. "We are very eager to position ourselves as a major provider of world-class rubber based building materials for Bahrain's ongoing construction projects," he added.
- It's contagious after all? Mecca's surroundings experiencing 'unprecedented' real estate boom in Saudi
- Inside the GCC's booming construction industry
- House hunting in Dubai? Budget friendly options may be available in the near future
- Why Dubai is NOT building more hotels for World Expo
- Another tipping point for the ME: 'smart' urban development
- RWI anticipates high demand for rubber products amidst construction of 640 projects in UAE
- GCC real estate projects under construction worth over AED 8.8 trillion
- UAE building construction market poised to hit USD 64 billion in 2010
- Rubber World Industries bags AED 1.2 million contract to supply rubber insulation products for ‘Motor City’ project
- Rubber imports and exports into Dubai hit AED 7.8 billion in 2008