Shaikhani Contracting aims to secure domestic contracts worth AED 60 million this year

Shaikhani Contracting aims to secure domestic contracts worth AED 60 million this year

Company gears up to leverage correction in the real estate market

May 30, 2010

Shaikhani Contracting, a leading contracting company in the UAE and part of the Shaikhani Group, a multibillion dollar international business conglomerate with interests in real estate development, trading, manufacturing and IT, announced that it is aiming to secure domestic contracts worth AED 60 million this year. Underlining its confidence in the construction sector’s capacity to regain momentum and confidence, the contractor expressed its high hopes for growth and expansion alongside its plans to leverage the correction in the real estate market. Having successfully achieved growth amidst the transformation of the global real estate industry and the effects of the economic downturn, the company has recently been awarded a contract to undertake the construction of private villas in the Al Khawaneej Area in Dubai, UAE.

As part of the contract, Shaikhani Contracting has been awarded complete civil works, including external finishes and landscaping as well for these villas, which are scheduled to be completed in a span of one year. With aims to leverage these new projects to secure more business, the company is focusing on finding and providing the best services to discerning clients who seek to capitalise on their investments irrespective of the current market conditions, whom the company considers as its primary target market. In addition, the contractor is currently looking to hire more engineers and technical staff, amidst projections that 26,650 apartments and villas will be handed over in Dubai this year as the region enters a recovery phase.

“Our vast experience in the real estate market had enabled us to identify the indications of the impending correction in the real estate market, and as such, we are accordingly prepared to maximise the available opportunities as the current economic situation continues to ease up,” said Rizwan Shaikhani, Managing Director, Shaikhani Contracting. “For all the new projects, all our efforts will be directed towards offering a sense of confidence to our clients, which we believe will attract new businesses to come our way. We have also further strengthened and realigned our strategies to focus on providing clients excellent service combined with value for their money in terms of quality and time-bound construction schedules.”

The contracts for the private villas have been awarded by Adnan Saffarini, the Project Consultants, and mark the first two deals in the contractor’s goal of securing domestic contracts worth AED 60 million in 2010. Primarily focusing on residential and commercial villas and townhouse projects, Shaikhani Contracting is aiming to kickstart construction of several new projects in the second half of 2010. Both Shaikhani Building Contracting and Shaikhani Developments are part of the Shaikhani Group’s recent rebranding initiative, which was the result of a renewed strategy for growth that involves a more proactive approach to building processes, creating partnerships and providing services while remaining focused on timely delivery and topnotch quality.

About Shaikhani Contracting
Shaikhani Contracting is a proud subsidiary of the international business conglomerate, the Shaikhani Group. The company leverages its parent company's 30 plus years of expertise in the real estate market, and incorporates the Group’s emphasis on exemplary client servicing in delivering a wide array of services, including HVAC and MEP; glass, aluminium and cladding works; joinery, metal and cabinet, civil, flooring works; and insulation contracting. Furthermore, it boasts a prestigious UAE portfolio including residential, commercial, and mixed-use projects in prime locations in the Emirate. The organisation's keen eye for detail and passion for invention are its most essential assets as it aims for further growth and expansion across the region.

Real estate to account for USD 250 billion of planned projects for the region from 2010 to 2013

Real estate to account for USD 250 billion of planned projects for the region from 2010 to 2013

Shaikhani Developments aims to leverage stability of the region’s real estate market

March 30, 2010

The real estate industry is expected to account USD 250 billion of the planned projects, or more than one-third across all sectors in the region from 2010 to 2013, which collectively amounts to USD 717 billion, according to latest market statistics. The past several years have also witnessed the majority of GCC investments directed towards the real estate segment, while data on future planned projects sourced from MEED Projects show that the growth trend will continue in the coming years. In line with positive projections on the market, Shaikhani Developments, the development, construction and project management arm of the Shaikhani Group, has announced its aims to leverage the stability of the region’s real estate industry and establish a leading position in the construction sector.

In addition to the real estate sector, the region is also witnessing productivity in other industries, with the construction of a considerable number of hospitals, roads, railways, and airports in full swing across the GCC. Accordingly, Shaikhani Developments is also looking at extending its expertise to the infrastructure sector, where it can leverage its experience in building a wide variety of projects, from high-rise structures to mixed-use developments.

“Amidst the positive projections on the regional real estate scenario, we at Shaikhani Developments have aligned all our efforts with our strategy to create and maintain dedicated partnerships with clients by attentively monitoring all processes from start to finish, thereby ensuring maximum level of quality and client satisfaction,” said Rizwan Shaikhani, Managing Director, Shaikhani Developments. “Furthermore, we are also setting our sights on the burgeoning infrastructure sector, with recent reports indicating that infrastructure projects in the GCC will reach USD 205 billion by 2013. Looking ahead, we are planning to undertake a major expansion plan across the region’s most potential-laden markets, including Saudi Arabia, where USD 105 billion in infrastructure investments is set to rise within the next three years.”

Shaikhani Developments leverages the Shaikhani Group’s extensive experience in delivering high quality projects across the globe, which spans over three decades. Merging the latest technologies in construction with industry best standards in environmental-friendliness, health and safety, Shaikhani Developments employs a team of expert engineers, technical staff and office personnel, who are committed to building properties of the highest standards. The company’s services portfolio includes services within real estate development, construction and project management, including residential, commercial, and mixed-use projects within the UAE.

“Our focus will be to provide high quality work on schedule and within budget, and we intend to do this by employing techniques and operational processes that evolve and sufficiently address the demands of the market. At present, we are primarily targeting Dubai due to its sizeable construction activities both on-going and planned, and we are currently in discussion with several potential clients in the emirate. We are also looking forward to collaborating with government agencies, which will play an important role in the infrastructural development in the UAE and across the region,” concluded Shaikhani.

About Shaikhani Developments:
Comprised by a powerhouse team of dynamic innovators, Shaikhani Developments is focused on providing landmark property developments and affordable, groundbreaking investment options for its clients. With a polished approach to delivering high return investments with low risk, the property development arm of the Shaikhani Group leverages thirty years of industry expertise of its parent company. Shaikhani Developments offers a range of services within real estate development, construction and project management, including residential, commercial, and mixed use projects within the UAE. Guided by its philosophy – ‘Envisioning Opportunities’ – the ISO-certified company maintains the highest global standards for quality and environmental management to provide premium quality properties and an elite level of customer service to contribute to the growth of its clients’ assets.

Memon Investments’ AED 255 million ‘Champions Towers II’ and ‘Champions Towers III’ witness continuous construction progress

Memon Investments’ AED 255 million ‘Champions Towers II’ and ‘Champions Towers III’ witness continuous construction progress

Leading property developer confident to deliver projects on time

December 8, 2009

Memon Investments, a leading Dubai-based property developer and part of the international business conglomerate, Memon Group of Companies, has reported that construction on its ‘Champions Towers II’ (CT II) and ‘Champions Towers III’ (CT III) projects is witnessing continuous progress. The leading property developer reported that it has already completed 6 out of 14 floors and 5 out of 16 floors for CT II and CT III respectively. The timely pace of the project’s construction and development complements Memon Investment’s assurance of delivering the projects on time.

Memon has also detailed the awarding of various important contracts to some of the UAE’s top contractors and MEP companies. Anwar Al Aqsa, a leading MEP contractor, will manage the electrical, fire alarm, plumbing and fire fighting installments for the two towers. The installation of elevators for CT II and III has been awarded to ETA MELCO, who will be installing six high-speed, state-of-the-art Mitsubishi units, whilst shoring, initial excavation and foundation work has been undertaken by Stromek Emirates Foundation. Further, Al Sarh Contracting has been placed in charge of construction for both CT II and CT III. In addition, HI TECH Electro Mechanical Contracting Est. has also been awarded the contract to install YORK air conditioning units for the CT II project.

Rizwan Shaikhani, Joint Managing Director, Memon Investments, said, “Various construction projects in the UAE have reported delays and difficulties as a result of being affected by the current economic downturn. However, Memon Investments remains committed to its promise of on-time project delivery. Our efforts to partner with some of the country’s leading contractors, suppliers and MEP companies have allowed us to keep our projects running at an impressive pace, giving us the confidence to assure our clients that both CT II and CT III will be delivered on time.”

Champions Tower II is a 14-storey tower with a total built-up area of 231,454 square feet, which will include 172 apartments comprising 72 studios, 72 one-bedroom and 28 two-bedroom apartments, each with its own magnificent view of the lush greenery exuding a relaxing ambience. The tower provides easy access to an 18-hole golf course, a cricket stadium and various sport-oriented academies, rugby and football pitches and a track and field stadium. As the culmination of the sophisticated combination of luxury and high technology living set amidst a sports-oriented environment, the tower also offers a handful of modern facilities including a communal swimming pool, spa and sauna, Jacuzzi, a fully equipped gymnasium and an indoor games room.

Champions Tower III is a B+G+15+HC tower with a total built-up area of 283,672 square feet, and offers a total of 254 elegant units comprising of studios, one-bedroom and two-bedroom apartments. CT III features include a spacious fine marble lobby, three high-speed elevators, basement parking, ground floor covered parking, concierge and valet parking services, 24-hour manned security and an in-house maintenance team. World-class stadiums and academies, educational, religious and healthcare facilities, as well as posh restaurants and cafés and a sports-themed shopping mall in the gated community are all at walking distance from the luxurious residential property.

“CT II and CT III reflect Memon Investment’s vision to provide property development projects that suit the lifestyle of our target market while consequently allowing us to deliver investment opportunities that yield in high significant returns. Moreover, Memon Investments continues to remain steadfast in its role as prime developer of iconic development projects, clearly redefining the UAE’s real estate sector and helping in its drive for economic progress,” concluded Shaikhani.

Memon Investments completes 9 out of 10 floors of AED 80 million ‘Cambridge Business Centre’

Memon Investments completes 9 out of 10 floors of AED 80 million ‘Cambridge Business Centre’

Prime commercial tower in Dubai Silicon Oasis moving towards delivery

November 15, 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 completed nine out of the ten floors within ‘Cambridge Business Centre’ (CBC) project, its inaugural commercial venture located in Dubai Silicon Oasis. The continuous construction works on the AED 80 million tower is leading up to its expected timely delivery.

With a total built-up area of 160,000 sq. ft., CBC is the first project in the region comprised of 10 floors that are all dedicated to commercial space. Memon Investments has partnered with several leading construction partners for this project, with Cairo Contracting Company bagging the main contract for the business tower; WIN GATE Electromechanical Services providing top-quality materials and delivering complete electrical, plumbing, drainage, fire fighting and fire alarm works; and Stromek Emirates Foundation, which is in charge of shoring and excavation works. Further, HI-TECH Electro Mechanical Contracting Est. and Shanghai & Arabian Electromechanical LLC, are also part of this massive project, installing YORK air-conditioners and three high-speed elevators, respectively.

“Our initial venture in commercial property development is shaping up to be another success for Memon Investments, cementing our repute as a dynamic construction organisation,” said Rizwan Shaikhani, Joint Managing Director, Memon Investments. “Construction of CBC is progressing rapidly, and we are now preparing for the hand-over of the offices to our investors. We are proud to be close to delivering this project despite the drawbacks of the current recessionary period, which attests to our capacity and commitment to honour the promise we made to our investors.”

Inspired by classic British architecture, CBC will offer small, medium and large offices that are fully equipped with technologically advanced facilities such as Wi-Fi technology, keyless entry and hi-speed internet connection. Commercial tenants can also enjoy from the host of services and facilities, which will be available within the tower. In addition to state-of-the-art offices, the development will also house retail shops on the ground floor, banking facilities and a travel agency, in addition to amenities for rest and relaxation such as a fully-serviced health club at the rooftop.

“We are looking forward to welcoming the first batch of businesses to make CBC the base of their operations. Its strategic location and high-technology facilities will make their business more accessible to their customers. We are counting down to the day when we will open CBC’s doors to the new owners, after which our focus will shift to ensuring that this development will continue to remain an efficient business hub,” concluded Shaikhani