Memon Investments, a leading Dubai-based property developer and part of the international business conglomerate, the Memon Group of Companies, has awarded an AED 1.96 million contract to ETA MELCO. The agreement with the market leader in vertical transportation systems involves the installation of six high-speed, state-of-the-art Mitsubishi elevators within the 13-storey Champions Tower II and the 16-storey Champions Tower III - the developer’s two high profile residential developments in Dubai Sports City. Rizwan Shaikhani, Joint Managing Director, Memon Investments and Ahmed Meeran, Sr General Manager, ETA MELCO, have inked the contract, following a competitive tender set for the projects.
Under the terms of the contract, ETA MELCO has committed to a 16-week deadline for the installation of the elevators, from the date of the receipt of materials at the site, and subject to the completion of the hoistway and the provision of uninterrupted power supply. Upon completion, the lifts will include unique features such as ‘Variable Voltage Variable Frequency’ (VVVF) technology, which can help achieve substantial power savings of up to 50 per cent compared to using conventional drive technology. In addition, an automatic hall call registration and ‘Advanced Group Control with Artificial Intelligence and Fuzz Logic’ technologies can alert passengers if a car is near full capacity and direct cars to floors where traffic is the heaviest, thereby reducing waiting time and enhancing handling efficiency.
“In order to ensure that we are aligned with the high quality standards that we aim to offer our clients, we have decided to partner with ETA MELCO, a market leader in the Middle East with extensive experience and expertise to undertake the elevator installation for Champions Tower II and III,” said Rizwan Shaikhani. “We have identified our new partner’s competence and professionalism, which was reflected by the comprehensive bid they have submitted that covered all aspects of the installation and post-delivery services. We were also thoroughly impressed by the excellent quality of the brand they carry, which coincides with our ideals in terms of delivering convenience, security, advanced features and overall safety to our clients.”
In addition to its guarantee of top quality installation, ETA MELCO will also deliver free routine maintenance and 24/7 emergency breakdown support for 2 years to ensure the equipment’s smoother start and stop and excellent ride comfort. The contract with ETA MELCO follows previous deals with other top companies, including an AED 55.5 million deal with Al Sarh Contracting for the construction of Champions Tower II and an AED 82 million agreement with Cairo Contracting Company for Champions Tower III. Memon Investments is set to award more multimillion dirham contracts to industry-leading companies, which will not only ensure the observance of high standards but will also streamline its construction phases to take on a systematised order for all its future projects.
“Memon Investments’ partnership with leading construction companies is one of its foolproof strategies for success, and the strict quality standards being implemented by the developer across all aspects of its developments is our benchmark in undertaking this project. We believe that our commitment to delivering a holistic vertical systems solution, including the delivery of post-implementation services has won us this important contract. We are proud to have partnered with such as reputed developer and we are hoping to further deepen our involvement with them in their latest projects,” concluded Ahmed Meeran.
Founded in 1975 as a joint venture between ETA and Mitsubishi Electric Corporation, Japan, ETA MELCO is the Middle East's largest company that offers design, marketing, supply, installation and maintenance of elevators and escalators from Mitsubishi. With offices in Dubai, Abu Dhabi, Qatar, Oman, Kuwait, Turkey, Sri Lanka, Maldives, India, Bangladesh, Mauritius, Seychelles and CIS countries, the company has completed vertical transportation systems installation for high profile developments, including the Burj Al Arab Hotel, The Emirates Hotel & Tower, the Dubai International Airport Extension Project and Madinat Jumeirah. The company has over 16,000 elevators under its comprehensive maintenance scheme and USD 5 million worth of spare parts in stock, which allows it to cater to the demands of its customers. The company, in addition, has the facility to monitor operations of the elevators under maintenance through the Remote Monitoring system located in its headquarters in Dubai. The average breakdown rate of a Mitsubishi elevator is said to be less than one in a year, which is unmatchable by any other elevator supplier.
About Memon Investments LLC
Founded in 2007 as the property development arm of the international business conglomerate, the Memon Group of Companies, Memon Investments has grown to become a leading property player in the region offering a diversified portfolio of premium property projects. Guided by a tradition of excellence, the developer’s intense focus lies within its core competencies, specifically acquisition, design and development, consultancy, leasing and management of properties. Leveraging the Memon Group’s extensive real estate development experience, Memon Investments’ UAE portfolio comprises of prestigious residential projects including the Champions Towers I, II and III in Dubai Sports City and its inaugural commercial venture, the Cambridge Business Centre in Dubai Silicon Oasis all of which embody the developer’s trademark top-notch quality and uniqueness.
Having delivered over 30,000 units across the globe with a presence in 90 countries spread across Asia, Africa, Middle East and Europe, the Memon Group of Companies is presently commemorating its 30th year of delivering unique offerings and services to its global customers. In addition to its extensive expertise in the real estate market, the Group has also built a strong reputation for its unwavering support for various causes such as poverty alleviation, environmental conservation and academic development. As a socially-aware international corporation, the Group has devoted 18 years in support of the Rabia Charitable Foundation and the Rabia Relief Fund.
