Saudi Arabia
Riyadh’s Atlas Elevators Signs Agreement To Support Expansion
Riyadh, Saudi Arabia's Atlas Elevators General Trading and Contracting Co. inked a SAR400,000 (US$106,616) agreement with Makannah Trading Co. for Makannah to oversee equipment upgrades and modernization as Atlas relocates...
Middle East’s Al-Futtaim Partners With Hyundai Elevators
Al-Futtaim Contracting, a division of Al-Futtaim Real Estate in the U.A.E., Saudi Arabia, Qatar and Egypt, on September 9 announced an exclusive partnership with South Korea's Hyundai Elevator to "deliver...
Banking On KSA
TKE and Alat successfully close strategic partnership and JV. In August, TK Elevator (TKE) announced that Alat has completed a strategic partnership investment, becoming a long-term, direct shareholder in TKE...
Elevating the Future
Saudi Arabia's E&E market in the Vision 2030 era Introduction: Building Upward in a New Urban Era Saudi Arabia's Vision 2030 is reshaping not just the country's skyline but also...
The Cube
Riyadh envisions a bold new district, with The Mukaab as its centerpiece by Kaija Wilkinsonimages courtesy of NMDC Looking at renderings of The Mukaab, the cube-shaped future centerpiece of Riyadh,...
India’s CCI Greenlights ATC’s Stake in TKE and Saudi JV
The Competition Commission of India (CCI), India's antitrust watchdog, has approved Alat Technology Co. (ATC) acquiring a minority stake in TK Elevator (TKE) and a forming a joint venture (JV)...
TKE Considering US$22.7-Billion IPO in U.S. in 2026
Germany’s TK Elevator (TKE), the fourth-largest elevator maker in sales behind U.S.-based Otis, Switzerland’s Schindler and Finland-based KONE, is considering an initial public offering (IPO) in the U.S. in 2026, Reuters reports....
Saudi Arabia Game-Changer
TKE and Alat announce JV to manufacture VT solutions locally to serve large-scale developments in the Kingdom and beyond. submitted by TKEimages courtesy of TKE TK Elevator (TKE) and Alat,...
TKE and Alat Announce JV To Manufacture VT Locally in KSA
On February 24, TK Elevator (TKE) and Alat, a Saudi Public Investment Fund company, announced they are forming a EUR160-million (US$167-million) joint venture (JV) to manufacture vertical-transportation (VT) solutions including...
Transformative Construction Boom in KSA and U.A.E.
A look at major projects and what’s driving them by Ehtesham Ahmed The Middle East has been experiencing a transformative construction boom, especially in the Kingdom of Saudi Arabia (KSA)...
