Memon Group unveils new brand identity ‘Shaikhani Group’

Memon Group unveils new brand identity ‘Shaikhani Group’

Leading conglomerate eyes 10 to 15 per cent growth in 2010

January 24, 2010

Memon Group of Companies, a multibillion dollar international business conglomerate with interests in real estate development, trading, manufacturing and IT, has unveiled its new brand identity - ‘Shaikhani Group’. Chairman Abu Baker Shaikhani has revealed that the move is in line with the Group’s new strategy for growth in the region, which involves undertaking of new projects and collaboration with leading industry partners. He further revealed that the Group aims to achieve a 10 to 15 per cent growth in 2010 and further expand its project portfolio.

The rebranding is also part of the Group’s efforts to build a closer association with its founding family - the Shaikhani’s, which the company believes will further strengthen its brand identity. All existing business under the Group’s former identity, which includes Memon Investments, Memon Real Estate Brokers Dubai, Rubber World Industries LLC, Gulf-O-Flex Trading LLC, Memon Developers UK Limited and Memon Real Estate Pakistan, are also slated to operate under the Shaikhani Group banner. The Group is further planning to diversify into the hospitality, medical, retail and education sectors in the near future.

“We are pleased to announce our new corporate name - ‘Shaikhani Group’, which represents our evolving strategy to further leverage the property, construction, manufacturing and trading sectors in the region as it undergoes an exemplary recovery phase,” said Abu Baker Shaikhani. “We needed to develop a brand identity that has a universal appeal and is in line with the personality and interests of our Group, to maximise our legacy spanning over three decades. The challenge in the current economic climate is to ensure that the message regarding the development cuts through to customers, partners, investors and end-users, and generates significant interests among them”.

Prior to the unveiling of the new brand identity, the Memon Group has delivered over 30,000 units across the globe, and maintained relevant presence in 90 countries spread across Asia, Africa, Middle East and Europe. Its property development arm - Memon Investments has a UAE portfolio comprising of prestigious projects, including ‘Champions Towers I, II, III, and IV’ and ‘Frankfurt Sports Tower I’ in Dubai Sports City; ‘Gardenia I & II’ in Jumeirah Village, and ‘Cambridge Business Centre’ in Dubai Silicon Oasis, all of which embody the developer’s trademark top-notch quality and uniqueness. The Group also boasts of extensive expertise in the real estate market, and a strong reputation for its unwavering support for various causes such as poverty alleviation, environmental conservation and academic development.


About Memon Group:

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 three decades 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 over 19 years in support of the Rabia Charitable Foundation and the Rabia Relief Fund.

About Memon Investments LLC

Founded 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 ‘Champions Towers I, II, III, and IV’ and ‘Frankfurt Sports Tower I’ in Dubai Sports City; ‘Gardenia I & II’ in Jumeirah Village, and its inaugural commercial venture - ‘Cambridge Business Centre’ in Dubai Silicon Oasis, all of which embody the developer’s trademark top-notch quality and uniqueness.

Price of rubber raw materials rises by 15 per cent, says Rubber World Industries

Price of rubber raw materials rises by 15 per cent, says Rubber World Industries

Company maintains prices and ensures sufficient supply of rubber insulation products across the region amidst global price hike

August 18, 2009

The average price of rubber raw materials across the globe has risen by 15 per cent in 2009, says 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 Memon Group of Companies. Amidst the upward movement of global prices, RWI, which accounts for 86 per cent of the Middle East rubber insulation market share, has committed to maintain its prices and ensure sufficient supply of rubber insulation products across the region, including pipes, sheets and other rubber-derived products.

Following a long period of continuous decline, the price of rubber raw material in the world market has seen an increase in the second quarter of 2009. Furthermore, three of the largest rubber producers in Southeast Asia - Thailand, Malaysia and Indonesia, agreed to cut down their exports to push up the export price. Rubber producers and exporters have also decided to cut down output, which could translate to a 6.2 per cent drop in world rubber production in 2009 to hit 9.36 million tons. Amidst increasing global rubber raw materials prices, RWI maintains a positive outlook on the regional market taking pioneering efforts to enhance its processes and production capacity.

“Amidst present challenges, we are strengthening our efforts to increase our production by 600 containers to sufficiently address the need for rubber insulation products in the region,” said Abu Baker Shaikhani, Managing Director, Rubber World Industries, and Chairman of the Memon Group. “We expect the region to witness a steady increase in the demand for high quality rubber insulation products, which motivates us to explore more technologies to further enhance the quality of our products and the efficiency of our processes.”

RWI has also recently revealed its expansion goals, which is to be able to produce 3,600 containers by 2013, thereby cementing its leading position as the source of high quality products for major property developments by real estate leaders in the UAE. As the only producer of rubber insulation in the Middle East region, RWI delivers a versatile range of rubber insulation products that meet the requirements in the oil and gas fields, construction, shipping and automobile industries. RWI products are used in more than 90 countries, including the US, Germany, Russia, Canada and Singapore.

UAE building construction market poised to hit USD 64 billion in 2010

UAE building construction market poised to hit USD 64 billion in 2010

Rubber World Industries aims to leverage growth prospects by delivering high quality eco friendly rubber products

April 13, 2009

The UAE building construction market is projected to reach USD 64 billion in 2010 - a considerable rise from the market’s value at USD 46 billion in 2008, according to a recent industry study, thereby bringing some relief to suppliers as the market is expected to maintain present activity levels over the next three to four years. With aims to leverage the growth prospects within the UAE, 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 Memon Group of Companies, has reiterated its commitment to delivering high quality eco-friendly rubber insulation products to projects that are currently under construction in the UAE.

Following a successful year in 2008 when it declared a record AED 32.4 million in sales revenues, the company is now acting upon its strategy to boost production capacity by as much as 50 per cent, in line with its aims to secure AED 60 million in revenues for 2009. Amidst the continuous demand for more eco-friendly projects to be completed in the UAE, RWI is catering to a continuously growing market for its eco-friendly products. In addition to the excellent heat retardant properties, its products also efficiently control condensation drip and reduce heat flow on hot systems, and are manufactured without the use of harmful chlorofluorocarbons (CFCs) or hydro fluorocarbons (HFCs).

“Our stance on eco-friendly processes is reflected in the quality and overall properties of our products, which has made them the preferred brand for most builders in the UAE,” said Abu Baker Shaikhani, Managing Director, Rubber World Industries, and Chairman of the Memon Group. “As indicated by industry reports, the UAE will witness a steady growth in the building construction market, and this presents us with an outstanding opportunity to further entrench our position as the leading supplier of rubber insulation products in the country.”

RWI products have long since served as vital components of major property developments by leading developers in the UAE. Among the company’s most recently won projects in Dubai include an AED 1.2 million contract for ‘Motor City’ project, an AED 418,000 contract for ‘Traders Hotel’ project, a contract valued at over AED 280,000 for ‘The Villa’ project and a half a million dirham deal for ‘Horizon Tower’ project in Ajman. In addition, RWI also caters to the rubber insulation needs of companies from more than 90 countries, including the US, Germany, Russia, Canada and Singapore.

”We are committed to delivering top quality rubber insulation products by using the best materials available in the market. Our strategy is largely focused on ensuring that our products are of the highest quality and incorporate eco-friendly qualities such as low levels of volatile organic compounds (VOCs) and non-existent formaldehyde content. Our continued investments into research and development are driving the strong grip we have of the rubber insulation market in the UAE, and we are presently exploring more technologies to further enhance the quality of our products,” concluded Shaikhani.