KONE Corporation, press release, June 23, 2021
KONE Corporation, a global leader in the elevator and escalator industry, has won an order to deliver and install 60 custom-made elevators and escalators for a building known as Iconic Tower. Situated in Egypt's New Administrative Capital, the tower is set to become the tallest building in the entire African continent.
Egypt's new administrative and financial capital is under construction just outside Cairo and is being designed with smart technologies as a focal point. Scheduled to be opened by the end of this year, it will cater for over 6 million people. Iconic Tower will be located within the city's Central Business District (CBD), which is planned to include a total of 20 skyscrapers. The 80-storey tower will rise to a height of 385 meters, including office, hotel and residential amenities. The main contractor for the building - and several other projects in the new capital city - is China State Construction Engineering Corporation (CSCEC), one of the world's leading construction groups.
KONE's delivery includes 36 KONE MiniSpace™ elevators, 13 KONE MonoSpace® elevators, seven KONE TranSys™ freight elevators and four KONE TransitMaster™ 120 escalators, all with finishes specially designed for this building. In addition, the KONE Destination Control System will help reduce waiting and traveling times and the KONE E-Link™ service will enable monitoring equipment performance in real time, from a single location onsite. The contract also includes maintenance services.
"Iconic Tower will become a significant landmark not only in the New Administrative Capital, but across Egypt and Africa. We are truly honored to provide our high-rise expertise and our people flow solutions for this development and together with our customers help the city set new standards for smart and sustainable buildings," says Thomas Hinnerskov, Executive Vice President for KONE South Europe, Middle East and Africa.
The building is expected to be completed in February 2023 and it is being developed by New Urban Communities Authority. The main architect is Dar Al-Handasah.
KONE booked the order in the fourth quarter of 2020.
For further information, please contact:
Hanna Rutanen, Head of Communications, KONE Corporation, tel. +358 41 507 1361, media@kone.com
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Previous press releases are available here, including:
September 24, 2020: KONE to equip B4 Grande luxury residential tower in Dubai
September 23, 2019: KONE to equip a luxury dual-tower in Dubai
November 15, 2018: KONE wins order to equip Global Trade Center in Nairobi, Kenya
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 2020, KONE had annual sales of EUR 9.9 billion, and at the end of the year over 60,000 employees. KONE class B shares are listed on the Nasdaq Helsinki Ltd. in Finland. www.kone.com
