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SAE awarded contract with Memon Investments

29 Sep 2008

SAE awarded contract with Memon Investments
Shanghai & Arabian Electromechanical (SAE) has been awarded contracts to install state-of-the-art elevators within developments by Memon Investments.

Three high-speed elevators will be fitted in Champions Tower I while two passenger and one service elevator will be deployed within the Cambridge Business Centre in a contract worth 1.1 million AED ($338,000), said the firm.

Memon said that the contracts follow business ventures signed with other companies, such as Majed Hilal Contracting and the Cairo Contracting Company.

Rizwan Shaikhani, joint managing director of Memon Investments, said the success of these two projects is essential for the guaranteed expansion of the company's portfolio within the Gulf Cooperational Council region.

"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," he stated.

Memon Investments recently announced the launch of 338 million AED Frankfurt Sports Tower I in Dubai Sports City.
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