• HSBC

Shanghai & Arabian Electromechanical wins elevator contract for two Memon projects

  • United Arab Emirates: Sunday, September 28 - 2008 at 12:10
  • PRESS RELEASE

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 Shanghai & Arabian Electromechanical LLC (SAE) the contract to install state-of-the-art elevators within Champions Tower I and Cambridge Business Centre.

The Dhs1.1m elevator contract, which SAE won following a competitive tender, will involve the deployment of three high-speed elevators within Champion Towers I, and two passenger elevators and one service elevator in Cambridge Business Centre. The agreement with SAE is among the latest partnerships undertaken by Memon Investments with top construction suppliers, which is part of the developer's strategy to partner with market leaders to ensure quality and timely delivery.

Rizwan Shaikhani, Joint Managing Director, Memon Investments and Eng. Tariq Madanat, Sales Manager, SAE, have signed the contract in the presence of senior company officials from both companies. The agreement with SAE follows contracts signed with other companies, including an Dhs31m contract with Majed Hilal Contracting and an Dhs42m contract with Cairo Contracting Company for the construction of Champions Tower I and Cambridge Business Centre respectively. In addition to the installation and supply of the elevators, SAE has also offered Memon Investments 18 months free servicing on the elevators as part of the contract for the Dhs75m Champions Tower I, located in Dubai Sports City and Dhs80m Cambridge Business Centre, located in Dubai Silicon Oasis.

Rizwan Shaikhani said:
"Champions Tower I and Cambridge Business Centre mark the first project we have ever launched and our first commercial development respectively, and the success of these two developments is essential in our aims to build a strong repute within the UAE real estate market. It was therefore important for us to partner with a contractor and supplier that understood our vision and could help us translate them into reality."


"We have selected SAE based on their proven expertise in these projects and impressive post-implementation servicing, which are in line with our own standards as far as providing technologically-driven convenience and safety to our tenants is concerned," Shaikhani added.

Shanghai & Arabian Electromechanical has committed to completing all aspects of the installation within six months, following the receipt of materials at site, the completion of the hoistway and the provision of uninterrupted power supply. The Shanghai Mitsubishi elevators will offer unique features, including 'Advanced Group Control with Artificial Intelligence and Fuzz Logic' and 'Automatic Hall Call Registration' technologies. This will lead to substantial power savings via effective car allocation, reduction in waiting time and enhanced handling and efficiency. Furthermore, passengers will also be alerted if a car is near full capacity, while directing cars to floors where traffic is the heaviest during peak traffic hours. In addition to the installation, the leading vertical systems company will also conduct monthly routine maintenance and 24/7 emergency breakdown support for both towers.

Madanat concluded:
"We are proud to be a partner of Memon Investments, a reputed developer with a healthy mix of diverse projects, by deploying our state-of-the-art lifts along with our service standards that are at par with international benchmarks. Our deep understanding of their requirements has enabled us to propose the necessary passenger and service elevators for the projects, and our commitment is to complete the installation by the deadline we have set to ensure that Memon Investments can proceed to deliver their projects on schedule."


SAE was founded as a joint venture between Shanghai Electric Middle East FZC and the Al Yabis Group from KSA, and has now emerged as a leading escalator and elevator company in the region. The company offers design, marketing, supply, installation and maintenance of elevators and escalators from Shanghai Mitsubishi through its regional offices in the UAE, KSA, Jordan, Palestine, Qatar, Syria, Iraq, Egypt and Nigeria. Among its most notable projects include the installation of its lifts in the Sharjah Teaching Hospital, Al Bayt projects in KSA, more than 15 towers within the Emirates City, Ajman and over 500 buildings across the region.
(From left to right): Eng.Tariq Madanat, Sales Manager, SAE and Rizwan Shaikhani, Joint Managing Director, Memon Investments. 
(From left to right): Eng.Tariq Madanat, Sales Manager, SAE and Rizwan Shaikhani, Joint Managing Director, Memon Investments.
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Notes and Media Contacts »

About Memon Investments LLC:

Founded in 2007 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 and its inaugural commercial venture, the Cambridge Business Centre in Dubai Silicon Oasis, all of which embody the developer's trademark top-notch quality and uniqueness.

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 its 30th year 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 18 years in support of the Rabia Charitable Foundation and the Rabia Relief Fund.

For further information, please contact:

Ms. Princy Philip
Sr. Manager - Marketing & Corporate Communications
Memon Investments LLC
P.O. Box 41950, Dubai, U.A.E
Tel: +971 4 2688111
Fax: +971 4 2626455

CommuniGate Middle East
P.O. Box 66861, Dubai, U.A.E
Tel: +971 4 3988134
Fax: +971 4 3988137

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