KONE Corporation, press release, 17 December 2024
KONE Corporation, a global leader in the elevator and escalator industry, has won an order to provide a suite of People Flow® solutions for the world's tallest residential structure, called Burj Binghatti Jacob & Co Residences. Rising over 100 storeys in Dubai's financial center, the Business Bay area, the development will meet the demand for high-end apartments while offering future occupants with an ultra-luxurious living experience.
As the name implies, the Burj Binghatti Jacob & Co Residences is constructed in partnership with Dubai-based property developer, Binghatti, and jewelry company Jacob & Co. Upon completion in 2027, it will surpass the height of the current record holder for the tallest residential-only building, Central Park Tower in New York.
"It's our honor to contribute to a record-breaking project in Dubai," says Samer Halabi, KONE Executive Vice President for Asia-Pacific, Middle East and Africa. "We've been working with Binghatti on many occasions, and the branded Burj Binghatti Jacob & Co Residences is a true residential jewel added to their premium property collection. With our equipment and technology, KONE is well-positioned to enhance the comfort of the building occupants - all the way to the top floor."
KONE's order comprises next-generation high-rise technology, including 16 KONE Minispace DX elevators with a top speed of 10 m/s, as well as KONE UltraRope® super-light hoisting technology for lower energy consumption and reduced carbon emissions.
The developer is real estate firm Binghatti Holding Limited, and the main contractor is Granada Europe Engineering Construction LLC. The architectural design was done by Silver Stone Engineering Consultants.
KONE booked the order in Q3 of 2024.
For further information, please contact:
Hanna Rutanen, Senior Vice President, Communications, KONE Corporation, tel. +358 41 507 1361, media@kone.com
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Previous press releases are available at www.kone.com/en/news-and-insights/releases/.
About
KONE
At
KONE, our purpose is to shape the future of cities. As a global
leader in the elevator and escalator industry, we move two billion
people every day, making their journeys safe, convenient, and
reliable with smart and sustainable People Flow®. In 2023, KONE had
annual sales of EUR 11.0 billion, and at the end of the year over
60,000 employees in more than 60 countries. KONE class B shares are
listed on the Nasdaq Helsinki Ltd. in
Finland.
Burj Binghatti Jacob Co Residences
