Memon Investments awards AED 19.5 million MEP contract to Anwar Al Aqsa

Memon Investments awards AED 19.5 million MEP contract to Anwar Al Aqsa

Leading contractor to manage electrical, plumbing, fire fighting works within two projects in Dubai Sports City

May 04, 2009

Memon Investments, a leading Dubai-based property developer and part of the international business conglomerate, the Memon Group of Companies, announced that it has awarded an AED 19.5 million MEP contract to Anwar Al Aqsa, a leading UAE-based company. The leading MEP contractor will manage the electrical, fire alarm, plumbing, and fire fighting works within Memon Investments’ ‘Champions Tower II’ and ‘Champions Tower III’ projects, located in Dubai Sports City. With construction progressing on the two towers, which are collectively valued at AED 255 million, the developer most recently awarded an AED 1.96 million elevator contract to ETA MELCO for the installation of six high-speed, state-of-the-art Mitsubishi elevators within the 14-storey Champions Tower II and the 16-storey Champions Tower III.

Memon Investments has revealed that its decision to award the contract to Anwar Al Aqsa was based on the company’s experience within the engineering, owner, vendor and trade contractor communities, which has enriched its capacity to provide the greatest value to a project. Specifically, the company will be utilising its expertise in HVAC systems installation, building electrical works, generator installation, interior and exterior plumbing, fire protection systems installation and exterior lighting for Memon Investments’ luxury residential developments. The contract with Anwar Al Aqsa follows previous deals with other top companies, including an AED 55.5 million deal with Al Sarh Contracting and an AED 82 million agreement with Cairo Contracting Company for the construction of Champions Tower II and Champions Tower III respectively.

“Our reputation within the UAE’s thriving property development sector has been built on the quality of our projects, which is the result of our close collaboration with leading companies that possess the necessary industry expertise and know-how of the latest industry technologies,” said Rizwan Shaikhani, Joint Managing Director, Memon Investments. “This strategy has enabled us to provide the highest level of convenience and state-of-the-art facilities to our clients. We have high confidence in the work Anwar Al Aqsa will be doing for Champions Towers II and III, which will play an integral role in the anticipated success of these two projects.”

Having worked with a wide variety of projects across the UAE - from villas to mid-rise buildings to high-rise towers - Anwar Al Aqsa has developed a distinctive quality in its workmanship and has impressed various local authorities, including the UAE Ministry of Electricity and Water, as well as a number of high profile developers. With offices in Dubai, Sharjah and Ajman, the company comprises of qualified electricians, plumbers and technicians who leverage its good infrastructure, material resources and equipment to execute major projects. Anwar Al Aqsa’s extensive expertise across various levels of MEP engineering, in addition to its operations involving the design, manufacturing and assembly of distribution boards, were key factors that helped the contractor clinch the deal.

“Memon Investments has a reputation for high quality developments, and we are proud to have been awarded this contract to work on two of their iconic projects. Ever since we commenced operations, we have been winning several high profile contracts, which underline our expertise and the superior quality of our services. With this latest contract from Memon Investments, we look forward to complementing their vision for excellence by adding value at every stage of our involvement,” concluded Eng. Isam Abdullah Edyak, Managing Director, Anwar Al Aqsa.

Memon Investments currently has a portfolio of projects valued at AED 1.34 billion, which includes the high profile residential 'Champions Towers' series, the luxurious ‘'Gardenia I & II’, ‘Frankfurt Sports Tower I’ and 'Cambridge Business Centre'. The Escrow accounts for all the projects are already in place with the Commercial Bank of Dubai, in compliance with the requirements of the Real Estate Regulatory Agency (RERA) and Dubai Land Department (DLD). Each of the towers will also combine sophisticated design and advantageous positioning, thereby underlining Memon Investments’ unwavering focus on delivering high ROI projects to regional and global investors.