Ras Al Khaimah: International supplier of building materials, Peikko Gulf expanded its Ras Al Khaimah facility to boost its manufacturing capabilities by around 40%. With the facility now spanning nearly 23,000 m2 and new machinery added to its existing fleet, the company will serve the growing market needs and take on larger projects in the region.

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

Global Data's recent analysis indicates that the UAE’s construction market was valued at USD 94 billion in 2023 and is expected to grow at an annual average growth rate of over 3% from 2025 to 2028, reaching a projected value of more than USD 133 billion by 2027. This optimistic outlook for the UAE’s construction industry suggests that suppliers and manufacturers of building materials, such as Peikko, are likely to see an increase in demand, opening up further opportunities for growth.

Topi Paananen, entrepreneur and CEO of Peikko Group, said, “This expansion is a significant milestone for us. It’s driven by our commitment to innovation and serving our customers on larger projects. Ras Al Khaimah’s strategic location has been instrumental in our success, allowing us to effectively reach our target markets across the GCC, Middle East, Africa, and beyond. Peikko is poised to continue its growth trajectory, responding proactively to the evolving needs of the construction industry, with RAKEZ’s continuous cooperation and support in facilitating business growth.”

Ramy Jallad, RAKEZ Group CEO, said, “We are thrilled to see Peikko Gulf expand their operations with us. Their growth is demonstrative of the advantages Ras Al Khaimah offers to the manufacturers and suppliers of building materials in the midst of the region’s booming construction sector. The increasing real estate projects across the Gulf and beyond underscore the rise in demand for innovative and efficient building solutions, which Peikko Gulf is well-positioned to cater to. RAKEZ is committed to ensuring continued support for Peikko and all construction players in our business community, so they not only meet the demands of this vibrant sector but also thrive and expand their global footprint.”

For more information, please contact: Cleo Eleazar, Public Relations & Events Manager, RAKEZ
Email: c.eleazar@rakez.com

About Ras Al Khaimah Economic Zone (RAKEZ):

RAKEZ is a powerhouse business and industrial hub established by the Government of Ras Al Khaimah in the United Arab Emirates. It currently hosts over 21,000 companies coming from over 100+ countries and operating in more than 50 industries.

RAKEZ offers entrepreneurs, startups, SMEs and manufacturers a wide-range of solutions, including free zone and non-free zone licences, customisable facilities, and first-class services provided in a one-stop shop. Furthermore, RAKEZ has specialised zones that are tailored to specific needs of investors: Al Nakheel and Al Hamra Business Zones for commercial and service companies; Al Ghail, Al Hamra and Al Hulaila Industrial Zones for manufacturers and industrialists; and an Academic Zone for educational providers.

A leading economic zone, RAKEZ aims to continue attracting diversified investment opportunities that will contribute to the economic growth of Ras Al Khaimah.

About Peikko Group

Peikko Group Corporation is a leading global supplier of slim floor structures and connection technology for precast and cast-in-situ construction. Peikko’s innovative solutions offer a faster, safer, and more sustainable way to design and build. Peikko has sales offices in over 30 countries, including Asia-Pacific, Europe, Africa, the Middle East, and North America, with manufacturing operations in 12 countries. Peikko generated a turnover of EUR 314 million in 2022. Peikko is a family-owned and managed company that employs over 2,000 professionals. Peikko was founded in 1965 and is headquartered in Lahti, Finland. Further information: www.peikko.com.