Peikko Gulf aims to drive growth in the construction sector with expanded operations as the company serves the Gulf and Africa.
Peikko Gulf, a leading international supplier of building materials, has completed a significant expansion of its Ras Al Khaimah facility. This expansion, amounting to approximately 40% increased capacity, marks a strategic move to meet the escalating demands of the construction sector.
Strengthening Manufacturing Capabilities
The expanded facility now covers nearly 23,000 m2 and incorporates state-of-the-art machinery, augmenting Peikko Gulf’s production capabilities. This enhancement empowers the company to undertake larger projects and fulfill the burgeoning market requirements effectively.
Catering to Growing Market Needs
Established in 2010, Peikko Gulf, a subsidiary of Finland-based Peikko Group, has been a key player in supplying precast connections and DELTABEAM products to the GCC, Middle Eastern, African, and Indian markets. With the UAE’s construction market witnessing substantial growth, Peikko Gulf’s expansion aligns perfectly with the rising demand for innovative building solutions.
Optimistic Outlook for the Construction Industry
According to recent analysis by Global Data, the UAE’s construction market is projected to grow at an annual average rate of over 3% from 2025 to 2028, reaching a value exceeding USD 133 billion by 2027. This optimistic forecast underscores the potential for suppliers like Peikko Gulf to capitalize on the burgeoning construction landscape.
Commitment to Innovation and Customer Satisfaction
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.”
Supportive Business Environment
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.”
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