KONE wins order for Bahrain International Airport

KONE Corporation, a global leader in the elevator and escalator industry has won an order to supply 145 elevators and escalators for the new passenger terminal building at Bahrain International Airport (BIA). The order is part of an extensive modernization project aimed at creating one of the most modern and futuristic airport buildings in the world. Serving as a gateway for Bahrain to the rest of the world, BIA is expected to handle 14 million passengers annually, an increase from the current nine million. The airport currently hosts over 40 airlines and is home to the Kingdom's national carrier, Gulf Air. KONE will supply 85 elevators, 40 escalators, and 20 autowalks equipped with KONE E-Link monitoring.  "The economic development in Bahrain has remained robust with its tourism industry expected to grow steadily to almost 1 USD billion by 2020. We're extremely proud and excited to play a part in Bahrain's tourism and public infrastructure development through effective people flow solutions," said Pierre Liautaud, Executive Vice President for KONE South Europe, Middle East and Africa. The BIA modernization program is expected to be complete by the second quarter of 2020. The main developer is the Ministry of Transportation & Telecommunications of the Kingdom of Bahrain.

The order was booked in the third quarter of 2016.

Previous press releases are available at www.kone.com/press including: May 12, 2016: KONE to equip Middle East's biggest health campus in Adana, Turkey April 27, 2016: KONE wins major order for Qatar's Doha Metro project

For further information, please contact: Liisa Kivelä, Director, Communications, KONE Corporation, tel. +358 204 75 4330. media@kone.com

About KONE At KONE, our mission is to improve the flow of urban life. As a global leader in the elevator and escalator industry, KONE provides elevators, escalators and automatic building doors, as well as solutions for maintenance and modernization to add value to buildings throughout their life cycle. Through more effective People Flow®, we make people's journeys safe, convenient and reliable, in taller, smarter buildings. In 2015, KONE had annual net sales of EUR 8.6 billion, and at the end of the year close to 50,000 employees. KONE class B shares are listed on the Nasdaq Helsinki Ltd. in Finland. www.kone.com