KONE wins order for Elite Residence Tower in Dubai

Stock Exchange Release Published 11/12/2009

KONE has won an order to supply elevators for the Elite Residence Tower in Dubai, United Arab Emirates. The tower, measuring 381 meters, will contain a total of twelve KONE elevators which will ensure safe and easy transportation for the tower’s workers and visitors. The order includes energy efficient solutions such as three KONE MonoSpace® Special platforms as well as nine KONE MiniSpace™ elevators with speeds up to 6 m/s.

KONE’s involvement in the project started with an analysis of the traffic patterns in the building to ensure the efficient and smooth movement of people. During construction, KONE will arrive early on site to provide transportation for goods and crews with its innovative KONE JumpLift solution. Using one of the building’s permanent hoist ways, the KONE JumpLift includes a temporary machine room that is moved up as the construction work progresses.

“Our aim is to understand different traffic patterns based on the use of each building. In this way, we can better support our customers in optimizing the use of their people flow solutions,” says Eric Maziol, EVP and Area Director for South and West Europe and the Middle East, KONE. “We are extremely pleased to be associated with TAMEER and Arabian Construction Company (ACC) once again. Our continuous relationship with both partners stems from a joint and long term commitment in providing the best possible solutions for a project.”

Elite Residence Tower, the Masterpiece, is a new development by TAMEER and destined to become one of the Middle East's most exclusive and desirable addresses. Ideally located at the heart of Dubai Marina, near The Palm Jumeirah and The Mall of the Emirates; the Elite Residence Tower features 90 luxurious floors and has been given a postmodern design which features an spectacular mixture of Victorian architecture finished in a futuristic layout. Construction of the tower is expected to be completed in September of 2011.

About KONE

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 its customers with industry-leading elevators, escalators and innovative solutions for modernization and maintenance, and is one of the global leaders in its industry. In 2008, KONE had annual net sales of EUR 4.6 billion and over 34,800 employees. KONE class B shares are listed on the NASDAQ OMX Helsinki Ltd in Finland.


For further information, please contact:

Eric Maziol, Executive Vice President and Area Director for South and West Europe and the Middle East, KONE.

Anne Korkiakoski, Executive Vice President, Marketing & Communications, KONE.
tel. +358 (0)204 75 4787

2009-12-21 KONE wins order for Elite Residence Tower in Dubai

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