KONE wins major order for Qatar's Doha Metro project

KONE Corporation, press release, April 27, 2016

KONE, a global leader in the elevator and escalator industry, has won an order to supply elevators and escalators for the Qatar Rail project in Doha. The contract includes the delivery of over 500 items of equipment for Doha Metro's Red Line South and Gold Line and a 20-year maintenance agreement.

The Doha Metro project is a planned rapid transit system in Qatar's capital city. It will comprise of four lines and include 100 stations, spanning a length of 215 km. It will be an integral component of the larger Qatar Rail network, which will include a long-distance rail for passengers and freight, linking Qatar to the Gulf Cooperation Council (GCC) countries, and Lusail City's local Light Rail Transit (LRT). The Doha Metro is developed by Qatar Rail and three of the lines are scheduled to be completed by early 2020. The fourth line will be completed in the second phase of the project.

KONE will design, supply and install altogether 189 KONE MonoSpace® Special & KONE Transys(TM) elevators, 253 KONE TransitMaster(TM) escalators, and 102 TransitMaster(TM) autowalks tailored for passenger use in the Red and Gold lines. The elevator technology will be based on energy-efficient KONE MonoSpace® solutions.

"We are very proud and pleased to work with Qatar Rail on this new and exciting project," says Pierre Liautaud, Executive Vice President for KONE South Europe, Middle East and Africa. "When you have a huge number of people commuting through transit centers every day, the need to look at the safety and efficiency of the equipment cannot be overstated. That will enable people to move smoothly and comfortably, with the shortest possible waiting time. We look forward to providing our people flow expertise and solutions to the Doha Metro."

The order was booked in the fourth quarter of 2015.
Previous press releases on KONE's orders are available at www.kone.com/press, including:
May 11, 2015: KONE begins installation activities at Kingdom Tower construction site
June 5, 2014: KONE wins order for Saudi Arabia's Kingdom Tower, the world's tallest building
January 24, 2011: KONE wins an order for WTC Doha Tower in Qatar

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