• HSBC

Memon Investments awards Dhs19.5m MEP contract to Anwar Al Aqsa

  • United Arab Emirates: Monday, May 04 - 2009 at 12:03
  • 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 an Dhs19.5m MEP contract to Anwar Al Aqsa, a leading UAE-based company.

The leading MEP contractor will manage the electrical, fire alarm, plumbing, and fire fighting works within Memon Investments' 'Champions Tower II' and 'Champions Tower III' projects, located in Dubai Sports City.

With construction progressing on the two towers, which are collectively valued at Dhs255m, the developer most recently awarded an Dhs1.96m elevator contract to ETA MELCO for the installation of six high-speed, state-of-the-art Mitsubishi elevators within the 14-storey Champions Tower II and the 16-storey Champions Tower III.

Memon Investments has revealed that its decision to award the contract to Anwar Al Aqsa was based on the company's experience within the engineering, owner, vendor and trade contractor communities, which has enriched its capacity to provide the greatest value to a project.

Specifically, the company will be utilising its expertise in HVAC systems installation, building electrical works, generator installation, interior and exterior plumbing, fire protection systems installation and exterior lighting for Memon Investments' luxury residential developments.

The contract with Anwar Al Aqsa follows previous deals with other top companies, including an Dhs55.5m deal with Al Sarh Contracting and an Dhs82m agreement with Cairo Contracting Company for the construction of Champions Tower II and Champions Tower III respectively.

"Our reputation within the UAE's thriving property development sector has been built on the quality of our projects, which is the result of our close collaboration with leading companies that possess the necessary industry expertise and know-how of the latest industry technologies," said Rizwan Shaikhani, Joint Managing Director, Memon Investments.

"This strategy has enabled us to provide the highest level of convenience and state-of-the-art facilities to our clients. We have high confidence in the work Anwar Al Aqsa will be doing for Champions Towers II and III, which will play an integral role in the anticipated success of these two projects," Shaikhani added.

Having worked with a wide variety of projects across the UAE - from villas to mid-rise buildings to high-rise towers - Anwar Al Aqsa has developed a distinctive quality in its workmanship and has impressed various local authorities, including the UAE Ministry of Electricity and Water, as well as a number of high profile developers.

With offices in Dubai, Sharjah and Ajman, the company comprises of qualified electricians, plumbers and technicians who leverage its good infrastructure, material resources and equipment to execute major projects.

Anwar Al Aqsa's extensive expertise across various levels of MEP engineering, in addition to its operations involving the design, manufacturing and assembly of distribution boards, were key factors that helped the contractor clinch the deal.

"Memon Investments has a reputation for high quality developments, and we are proud to have been awarded this contract to work on two of their iconic projects. Ever since we commenced operations, we have been winning several high profile contracts, which underline our expertise and the superior quality of our services. With this latest contract from Memon Investments, we look forward to complementing their vision for excellence by adding value at every stage of our involvement," concluded Eng. Isam Abdullah Edyak, Managing Director, Anwar Al Aqsa.

Memon Investments currently has a portfolio of projects valued at Dhs1.34bn, which includes the high profile residential 'Champions Towers' series, the luxurious 'Gardenia I & II', 'Frankfurt Sports Tower I' and 'Cambridge Business Centre'.

The Escrow accounts for all the projects are already in place with the Commercial Bank of Dubai, in compliance with the requirements of the Real Estate Regulatory Agency (RERA) and Dubai Land Department (DLD).

Each of the towers will also combine sophisticated design and advantageous positioning, thereby underlining Memon Investments' unwavering focus on delivering high ROI projects to regional and global investors.
Left to right: Eng. Isam Abdullah Edyak, Managing Director, Anwar Al Aqsa and Rizwan Shaikhani, Joint Managing Director, Memon Investments.
Left to right: Eng. Isam Abdullah Edyak, Managing Director, Anwar Al Aqsa 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, IV and Frankfurt Sports Tower I in Dubai Sports City, Gardenia I & II in Jumeirah Village, 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 19 years in support of the Rabia Charitable Foundation and the Rabia Relief Fund.

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

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