on Schindler Holding AG (isin : CH0024638212)
Schindler Wins "The Avenues – Riyadh" Project, Saudi Arabia
Schindler Olayan has secured a contract to provide 293 elevators, escalators, and moving walks for "The Avenues – Riyadh" project in Saudi Arabia. This multi-purpose project in northern Riyadh will span over 1.8 million square meters and feature the largest commercial mall in the Middle East.
The project, developed by Shomoul Holding, integrates traditional Salmani architecture with modern design and has earned LEED certification from the American Green Building Council. Schindler will install 134 Schindler 5500 elevators, one Schindler 2600 elevator, 150 Schindler 9300 escalators, and eight Schindler 9500 moving walks.
All units will be cloud-connected for 24/7 monitoring via Schindler ActionBoard, allowing real-time oversight of performance, maintenance, and statistics. Danilo Calabrò, from Schindler’s Group Executive Committee, remarks that "The Avenues – Riyadh" aims to boost entertainment and tourism, enhancing convenience for visitors.
R. P.
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