The company is set to launch a more expanded trading portfolio to help complement the growing number of projects in the country, ably positioning itself as a provider of world class high quality rubber based products for the country’s construction segment. New trading products to be launched as part of this strategic move will include 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.
“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. “Kuwait, in particular, is now earning recognition as one of the MENA region’s fastest developing construction markets with 267 new projects in 2012 amounting to over USD 274 billion. We are very eager to position ourselves as a major provider of world class rubber based building materials for these projects. In fact, we have released latest additions to our trading products portfolio.”
The CPH World Media report further points out that the Kuwaiti government is expected to invest USD 3 billion in the construction industry in the next five years, while private sector investment is anticipated to reach USD 8 billion. Major projects that have already started include USD 14 billion Al-Zour refinery, the USD 3.3 billion Failaka Island development, the USD 2 billion planned expansion of Kuwait International Airport (KIA) and a major road development program including the construction of an eighth ring road.