TKE: Largely "Business as Usual" in Gulf Amid Ongoing Conflict

TK Elevator (TKE) reported on May 7 that it is largely "business as usual" in the Gulf region commercially, particularly in Saudi Arabia where new installation orders enjoyed an 84% increase in the first half of 2026. TKE Alat, the company's joint venture in Saudi Arabia, "continues to be well-positioned to capture the development super-cycle in the region," TKE stated. From a safety perspective, the company is monitoring the situation in the Middle East very closely as "the wellbeing of the team is always of paramount importance to TKE.”