UAE: In a virtual ceremony today, the world’s leading privately-owned armoured vehicle manufacturer - STREIT Group, announced the launch of Phase 3 of its ongoing expansion project. Graced by the presence of His Highness Sheikh Ahmed bin Saqr Al Qasimi, Chairman of Ras Al Khaimah Economic Zone (RAKEZ), the 30-year-old group announced its endeavours to meet the ever-growing global capacity demand.
In line with its vision to offer innovative 360 security solutions with cutting edge technology, Phase 3 will see the construction of 6 additional buildings, increasing the existing 86,000 sqm by 65,000 sqm. Phase 3 includes:
- 18,000 sqm body fabrication facility
- 19,500 sqm incomplete chassis parking
- 15,000 sqm building to host R&D, a state-of-the-art showroom and a training academy
- 7,800 sqm vehicle-based production facility
- 7,300 sqm finished product storage area
- 8,200 sqm robotic steel fabrication and laser cutting facility
- 8,000 sqm rolling chassis production line, manufacturing utility and commercial based vehicles
“We continue to expand our project range based on both client requirements and our research. Despite the difficult times in 2020, we have seen an increase in demand for our products and services with a push towards developing high-tech products. Our expansion aims to meet this demand, and deliver on our promise to continue being the leading private armoured vehicle manufacturer. We expect project completion within the last quarter of 2021.’, said Guerman Goutorov, Chairman of STREIT Group.
STREIT Group armoured vehicles are deployed by armed forces globally and are known to have saved countless lives of people around the world especially in high-risk situations. All vehicles undergo internationally recognized ballistic and impact testing, with a 100% safety track record.
For enquiries contact:
Elena Katernyuk
Marketing Manager
Email: Elena.Katernyuk@armored-cars.com
© Press Release 2020
Disclaimer: The contents of this press release was provided from an external third party provider. This website is not responsible for, and does not control, such external content. This content is provided on an “as is” and “as available” basis and has not been edited in any way. Neither this website nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this press release.
The press release is provided for informational purposes only. The content does not provide tax, legal or investment advice or opinion regarding the suitability, value or profitability of any particular security, portfolio or investment strategy. Neither this website nor our affiliates shall be liable for any errors or inaccuracies in the content, or for any actions taken by you in reliance thereon. You expressly agree that your use of the information within this article is at your sole risk.
To the fullest extent permitted by applicable law, this website, its parent company, its subsidiaries, its affiliates and the respective shareholders, directors, officers, employees, agents, advertisers, content providers and licensors will not be liable (jointly or severally) to you for any direct, indirect, consequential, special, incidental, punitive or exemplary damages, including without limitation, lost profits, lost savings and lost revenues, whether in negligence, tort, contract or any other theory of liability, even if the parties have been advised of the possibility or could have foreseen any such damages.
