Saudi Arabia
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)...
Saudi Arabia’s Emerging Expo
After a long break, Lift City Expo Jeddah took place at Hilton Hotel in Jeddah between September 4-7. Saudi Arabia, the largest country of the Arabian Peninsula, has recently been...
Hyundai Elevator States Goals for China and Beyond
At a celebration marking the 30th anniversary of Hyundai Elevator's Chinese subsidiary in Shanghai on August 10, the South Korean company stated its goals for China, Saudi Arabia and Indonesia,...
Hyundai Elevator Announces 314-Unit, US$33.9 Million Order
South Korea's Hyundai Elevator has announced its largest-ever order, both in terms of number of units and dollar amount, The Korea Herald reports. The KRW43.4 billion (US$33.9 million) contract involves...
Otis Launches Otis ONE in the Middle East
Otis Worldwide Corp. announced on May 16 the introduction of the Otis ONETM Internet of Things (IoT) service platform in the Middle East. It is now available in Bahrain, the...
Partnership Brings Patented Escalator Step Branding to Middle East
A partnership consisting of Motion Icon and Motivate Media Group is bringing Motion Icon's globally patented escalator step branding solution to the Middle East region for the first time, Khaleej...
