Senior company officials said the company is making extensive efforts to tap into the opportunities expected to open up with an estimated $100bn 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.
Muzammil Shaikhani, Managing Director, Rubber World Industries, said, “We are keen to cater to the steep rise in demand expected as a result of some of the most prestigious projects on the anvil in Qatar. 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.”
Apart from its aggressive expansion initiatives, RWI aims to increase its growth in 2011 and is likely to record over 50% growth in business in Qatar this year. The company has marked its strong presence at international industry related events like the ‘Project Qatar 2010’, where it showcased its latest offerings and the innovative flagship product ‘Gulf-O-Flex’, a closed cell elastomeric insulation and an environment friendly, CFC-free flexible material, that can withstand severe environmental conditions. RWI, which caters to the rubber insulation needs of companies in more than 90 countries, saw its annual export volume touch 8 million tones last year. The company continued with its impressive growth journey and has also signed contracts with Qatar-based companies last year.
“Economies in the Middle East have already started to show high positive growth. In 2011, we are expecting a lot of new opportunities to arise. At RWI, we will do our best to contribute to the economic growth and will continue expanding by widening our client base, developing new products and also by penetrating into new markets. Our high-quality products are a preferred choice and we will continue with our efforts to expand the reach of our products for the benefit of our customers across the region and worldwide,” concluded Shaikhani.
Monday, January 31- 2011 @ 11:21 UAE local time (GMT+4) Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Mediaquest FZ LLC.