Rubber World Industries targets 50 per cent growth in Qatar in 2010
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, announced its aims to secure a 50 per cent growth in its business in Qatar this year. This involves achieving an annual export volume target of 8 million tons (an equivalent of 120 containers) of its products to the country by year-end. In line with this, the company has marked a significant presence at the recently concluded ‘Project Qatar 2010’, the international trade exhibition for construction technology, building materials, equipment, and environmental technology, which was held earlier last month at the Qatar International Exhibition Centre in Doha.
The exhibition witnessed a showcase of the manufacturer’s newest offerings and its flagship product - ‘Gulf-O-Flex’, a closed cell elastomeric insulation and an environmentally friendly, CFC-free and flexible material, which can withstand severe environmental conditions. As a result, the company’s participation at the event yielded new connections with new customers and MEP consultants, who are now added to its ever-expanding regional network. RWI has also signed new contracts with Qatar-based companies, thereby prompting it to pump up its export volume to the country this year.
“The rapid expansion of the construction sector in Qatar is driving the demand for high quality rubber insulation products, which can match the quality requirements of world-class developments being built across the country,” said Abu Baker Shaikhani, Chairman, Rubber World Industries. “Supplying this growing demand is one of the priorities we have identified this year, and our recent participation at ‘Project Qatar 2010’ attests to our focus to expand our local network of partners and clients in Qatar. We are proud of our successful presence at the event, which has set an excellent precedent to future steps we will be taking in the country.”
Qatar's powerful economy, thriving tourism, and a strong real estate sector that enjoys foreign-investor-friendly laws and regulations in addition to generous financial incentives and tax breaks, are attracting powerful international investment from renowned global development companies. As large-scale international construction investments have poured into the country, multi-billion-dollar development projects, such as the New Doha International Airport; the USD 5 billion ‘Lusail’ project; and the USD 2.5 billion ‘Energy City’, continue to be constructed, thereby opening up excellent opportunities for RWI to supply its products to some of the world’s most prestigious projects that are being built in Qatar.
“We are in the threshold of 2010 with great expectations. We are anticipating the result of our efforts done in 2009, including the launch of new products, production of new materials and overseas marketing, to pay off significantly. We are also expanding our business by growing our client roster, developing more products and penetrating new markets,” concluded Shaikhani.
‘Project Qatar 2010’ offered a platform for high-calibre investment deals and for showcasing the latest cutting-edge construction machinery, equipment, systems and material, and a treasure-chest of potentially lucrative investor contacts. Hundreds of top-name international construction sector exhibitors packed thousands of square meters of exhibition space, with leading players from the fast-paced global construction world establishing their presence at the annual event.
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