KONE wins order for Riyadh's metro in Saudi Arabia

KONE Corporation, press release, March 6, 2017 KONE Corporation, a global leader in the elevator and escalator industry has won the order to supply 418 elevators and escalators for the line 3 of Riyadh Metro in the capital of Saudi Arabia which is commissioned by Arriyadh Development Authority (ADA). KONE will equip Riyadh's metro line 3 which is the longest out of the 6 lines in the project stretching along a 41 km spread across 22 stations. The order will comprise 262 KONE escalators and 156 KONE elevators of which 96 will be scenic. The solutions will be equipped with KONE E-Link monitoring systems. "Riyadh is at the center of fast-paced infrastructure developments with the city's metro being one of the world's biggest infrastructure projects. We're extremely proud to be partnering on this project and help fulfill the demands of the growing commuter base," said Pierre Liautaud, Executive Vice President for KONE South Europe, Middle East and Africa. The line is expected to be in operation by the end of this decade. The order was booked in the fourth quarter of 2016. Previous press releases are available at www.kone.com/press including: January 11, 2017: KONE wins order for Bahrain International Airport expansion 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 2016, KONE had annual net sales of EUR 8.8 billion and at the end of the year over 52,000 employees. KONE class B shares are listed on the Nasdaq Helsinki Ltd. in Finland. www.kone.com