Peikko Gulf Expands Ras Al Khaimah Facility to Enhance Manufacturing for Construction Industry

Ras Al Khaimah, 28 March 2024: International provider of constructing supplies, Peikko Gulf expanded its Ras Al Khaimah facility to increase its manufacturing capabilities by round 40%. With the power now spanning practically 23,000 m2 and new equipment added to its current fleet, the corporate will serve the rising market wants and tackle bigger tasks within the area.

Peikko Gulf is a subsidiary of Finland-based Peikko Group which was established in 1965, catering to 33 nations globally. The Al Hamra, Ras Al Khaimah manufacturing unit was arrange in 2010 to produce precast connections and DELTABEAM® for the GCC, Middle Eastern, African, and Indian markets.

Global Data’s current evaluation signifies that the UAE’s development market was valued at USD 94 billion in 2023 and is anticipated to develop at an annual common development charge of over 3% from 2025 to 2028, reaching a projected worth of greater than USD 133 billion by 2027. This optimistic outlook for the UAE’s development business means that suppliers and producers of constructing supplies, resembling Peikko, are probably to see a rise in demand, opening up additional alternatives for development.

Topi Paananen, entrepreneur and CEO of Peikko Group, stated, “This growth is a big milestone for us. It’s pushed by our dedication to innovation and serving our prospects on bigger tasks. Ras Al Khaimah’s strategic location has been instrumental in our success, permitting us to successfully attain our goal markets throughout the GCC, Middle East, Africa, and past. Peikko is poised to proceed its development trajectory, responding proactively to the evolving wants of the development business, with RAKEZ’s steady cooperation and assist in facilitating enterprise development.”

Ramy Jallad, RAKEZ Group CEO, stated, “We are thrilled to see Peikko Gulf broaden their operations with us. Their development is demonstrative of the benefits Ras Al Khaimah presents to the producers and suppliers of constructing supplies within the midst of the area’s booming development sector. The rising actual property tasks throughout the Gulf and past underscore the rise in demand for revolutionary and environment friendly constructing options, which Peikko Gulf is well-positioned to cater to. RAKEZ is dedicated to guaranteeing continued assist for Peikko and all development gamers in our enterprise group, in order that they not solely meet the calls for of this vibrant sector but in addition thrive and broaden their international footprint.”