Otis to supply and install 263 elevators in KAFD

KAFD WTC and GCC Bank HQ major projects wins for US based manufacturer

Otis will install 263 elevators in the King Abdullah Financial District. Picture: ITP
Otis will install 263 elevators in the King Abdullah Financial District. Picture: ITP

Otis Elevator Company Saudi Arabia has won six contracts to supply and install 263 elevators in different buildings across the King Abdullah Financial District in Riyadh, the company president announced on Tuesday.

An affiliate of the US based Otis Elevators will supply 10 double-deck elevators and 90 escalators to the mega project as part of the deals.

The Financial District is to be the world’s first newly developed major financial district of the 21st century and is part of Saudi Arabia’s push towards financial modernisation.


Pedro Baranda, Otis president, said that two of the tallest structures in the District, the KAFD World Trade Centre and the GCC Bank Headquarters would be fitted out with Otis elevators and escalators.

He said that 25 elevators will be installed in the WTC, along with eight escalators. The Gulf region’s governing financial institution will receive 30 elevators and four escalators, Baranda added.

At 300 metres tall, the KAFD Trade Centre will also include four amenity levels that will be built around the Otis double deck elevators. It is scheduled to be opened late in 2012.

Meanwhile, the GCC bank headquarters building will have three sky lobbies which will be serviced by double-decker elevators which will ensure that the amenity floors can be reached from any of the tower’s 53 stories.

Designed to save space in a building, double-decker elevators take up just 60% of the space required by traditional elevators, while simultaneously increasing transportation capacity by up to 30%.

In addition, they allow building designers to create taller structures with a more limited ground level footprint.

Otis has manufactured and installed their products at other global trade and financial centres, including the Shanghai World Financial Trade Centre in China and both the World Trade Centre Transportation Hub and 7 World Trade Centre in lower Manhattan.

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