UAE: RAK Ports has signed an agreement with China-based Jianhua Holdings Group and injection device technologies supplier PHC Technologies to build a US$32.7m large-diameter prestressed high-strength concrete (PHC) piles plant in Ras Al Khaimah. When operational, the plant will employ 500 people and supply concrete piles for infrastructure projects across the Middle East, with anticipated revenues of US$5.45m/yr.
The parties originally signed a memorandum of understanding for the construction of the facility in September 2024.
