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KSA reveals over USD 1.102 trillion worth of construction projects underway in 2012

Rubber World Industries eyeing to play major role in KSA construction segment growth with move to expand trading division

March 8, 2012 - PRLog -- The Kingdom of Saudi Arabia, which represents the largest construction market in the Middle East and North African (MENA) region, has revealed a total of over 1,026 projects worth over USD 1.102 trillion underway for 2012, according to a report from CPH World Media, a leading business research and intelligence firm. The report shows that the growth is sustained by the Saudi government’s continuous efforts to liberalize the economy. Eyeing to play a major part in this forecasted growth, 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, has announced its plans to position itself as a major provider of world class high quality rubber based building materials through the strategic move of expanding its trading division.

The company is set to launch a more expanded trading portfolio at this year’s edition of ‘The Big 5 Saudi,’ the largest gathering of the construction industry in the Middle East, which will be held from March 10 to March 13, 2012 at the Jeddah Centre for Forums and Events. During the event, RWI will be releasing new rubber-based products like, Aluminium Insulation tubes, Aluminium Insulation Sheet, Aluminium Insulation roll, Slitting tubes, Colour tubes and Foam tapes, PVC tapes, Flexible Duct insulated, Flexible Duct un-insulated. RWI stand at ‘The Big 5 Saudi,’ will be located at stand no. 58 at hall No. 1.  

“The Middle East and North African region’s construction industry is moving on the fast track in terms of new projects and the resumption of projects that were stalled by the recent economic downturn,” said Rizwan Shaikhani, Managing Director, RWI. “Saudi Arabia, in particular, has positioned itself as the largest construction market with over a thousand new projects in 2012 amounting to over USD 1.102 trillion. We are very eager to position ourselves as a major provider of world class rubber based building materials for these projects. In fact, our coming participation at ‘The Big 5 Saudi’ will see the launch of latest additions to our trading products portfolio.

The CPH World Media report further states that Saudi Arabia’s large oil revenues have made it possible for the construction industry to employ the extra liquidity for its growth. Also, continuing support and programs coming from the government have also played a key role in the segment’s development. The country’s construction segment is looking towards the development of mega city projects like King Abdullah Economic City and Knowledge Economic City (KEC).

About Rubber World Industries:
Rubber World Industries (RWI) has pioneered the production of ‘Gulf-O-flex’ in the entire Gulf and South-East Asia region, providing a versatile range of rubber insulation products for the oil and gas, construction, shipping and automobile industries. Established in 1993 and part of the international business conglomerate - the Shaikhani group of Companies, the manufacturer dominates the regional market today by supplying 56 per cent for of the region’s requirements for rubber insulation pipes and sheets, and other rubber-derived products. International exports of RWI’s high quality products to the Middle East, Canada, Southeast Asia, South Africa, East Africa, Far East Asia and Europe.

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Source:CommuniGate Middle East
Location:United Arab Emirates
Tags:Industry, Ksa, Rubber, Construction, Projects
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