The Green Oasis Project in Riyadh

KONE Corporation, a global leader in the elevator and escalator industry, has won the order to supply 153 elevators in 8 different projects commissioned by Alargan Projects in Saudi Arabia. The projects involved are located in Dammam, Yanbu, Riyadh and Al Jubail. They include Al Suhool Strip Mall, Al Rehab Strip Mall, Green Oasis Residential Buildings, Murooj apartments and others.

“We are delighted to be working with KONE on multiple projects. It is a huge collaboration between two companies that strive for quality and excellence. These projects will lead to the development of many residential and commercial units in the market of Saudi Arabia and we are proud to have KONE with us on this journey. ” said Andrew Brosnan, Portfolio Manager at Alargan Projects.

The order was booked in the third quarter of 2016.

About KONE

KONE is one of the global leaders in the elevator and escalator industry. KONE’s objective is to offer the best People Flow® experience by developing and delivering solutions that enable people to move smoothly, safely, comfortably and without waiting in buildings in an increasingly urbanizing environment. KONE provides industry-leading elevators, escalators, automatic building doors and integrated solutions to enhance the People Flow in and between buildings. KONE’s services cover the entire lifetime of a building, from the design phase to maintenance, repairs and modernization solutions. In 2016, KONE had annual net sales of EUR 8.8 billion, and at the end of the year over 52,000 employees. KONE class B shares are listed on the Nasdaq Helsinki Ltd. in Finland.