International Rubber Company (IRC) — a subsidiary of Masharie recorded a sales increase of Dh34 million in the first half of 2014, the company said in a statement on Wednesday.
The increased sales can be attributed to the rising demand for insulated rubber in the Middle Eastern real estate development projects. IRC’s real estate projects include several notable projects such as Yas Mall, Fairmont Hotel and International Airport in Oman. The Dh34 million sales surge is cumulative result of IRC market in the UAE, Saudi Arabia and Qatar, with each sector marking a considerable surge in sales in comparison to last year.