Peikko Gulf’s new factory in Ras Al Khaimah will cover 11,500 sq m.
Work starts on Peikko factory
01 July 2018
UAE-based Al Rashed Peikko said its sales and production unit, Peikko Gulf, has started building a new factory and warehouse premises on an industrial plot in Ras Al Khaimah at an investment of around €4 million ($4.7 million).
Al Rashed Peikko is a joint venture between Peikko Group Corporation, a global supplier of slim floor structures and connection technology for precast applications, and Rashed Abdul Rahman Al Rashed & Sons Group, a leading Saudi investment, trading and industrial conglomerate.
The new 11,500-sq-m factory and warehouse will come up on a leased industrial plot in Ras Al Khaimah, near Peikko’s current factory and warehouse premises. The new factory consists of over 3,000 sq m of production and warehousing space and includes modern office facilities. Al Rashed Peikko said the factory is likely to be operational during the first quarter of 2019.
“The new factory will enable large-scale production required for the massive projects in the area, such as Sharjah Waterfront City in the UAE and a Ministry of Interior housing project in Saudi Arabia,” noted Peikko Group Corporation CEO Topi Paananen.
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