Wynn Resorts, whose Wynn Las Vegas is pictured, announced in 2022 plans for an 'integrated resort' in the UAE emirate of Ras al-Khaimah

Peikko Gulf, an international building materials supplier, has expanded its Ras Al Khaimah facility to increase its manufacturing capabilities by around 40% to cater to the growing market needs and work on larger projects in the region.

The company, a subsidiary of Finland-based Peikko Group established in 1965, supplies building materials to 33 countries worldwide.

Ras Al Khaimah's Al Hamra manufacturing unit was set up in 2010, which provides precast connections and DELTABEAM for the GCC, Middle Eastern, African, and Indian markets.

Topi Paananen, CEO of Peikko Group, said this expansion is a significant milestone, adding that it is driven by the commitment to innovation and serving customers on larger projects. He pointed out that Ras Al Khaimah's strategic location helps the company target markets across the GCC, Middle East, Africa, and beyond.

According to WAM, "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."

Speaking about the expansion, RAKEZ Group CEO Ramy Jallad 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," he added.

Jallad further said "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."

Last month, Sheikh Saud bin Saqr Al Qasimi, Ruler of Ras Al Khaimah and Supreme Council Member, welcomed a British delegation to discuss trade and economic cooperation between the United Kingdom and the emirate.