Joint Venture Discussions Commence
Managing Director Riad Welly from QMI signing the MoU with Rhino Doors MD, Stuart Lawrence
Rhino are delighted to announce the signing of a Memorandum of Understanding (MoU) with Qatar Metal Industries (QMI) that triggers the official commencement of discussion between the two companies with a view to the formation of a joint venture in the Gulf Cooperation Council (GCC) region.
QMI are a leading designer and supplier of steel and timber personnel door sets, established for ten years now and with an ever-expanding manufacturing base in Dubai. Under the proposed JV, Rhino and QMI intend to set up a jointly owned manufacturing facility in Dubai, specifically to manufacture Rhino’s expanding range of large, bespoke doors, incorporating acoustic, fire, Pressure and blast protection. Target market areas include major infrastructure projects in the region as well as security services, defence and petrochemical projects.
The existing door range produced by QMI are complimentary to Rhino products and due to their internationally recognised certification standards, there is also the opportunity for reciprocal trade with Rhino selling QMI doors as part of larger packages of work in the UK and other areas where Rhino operate.
Commenting on the MoU, Managing Director Stuart Lawrence said “This JV, once implemented will provide Rhino with the perfect platform to launch our expanding technology and product range into the GCC region. With the existing experience and expertise present within QMI, this JV will provide customers in the region with access to quality, British engineered designs, manufactured locally and importantly with local aftersales support”.
Mr Riad Welly, Managing Director for QMI stated “The joint venture between Rhino and QMI will be the answer to the increasing demand in highly specialised blast proof, pressure and acoustic doors in the GCC region. The JV will be able to supply special doors to power, military, oil and gas and transport system projects through a new modern facility in Dubai”.
For further information on QMI, please visit http://qatarmetal.com/Home