Latest news with #verticalmobility
Zawya
01-08-2025
- Business
- Zawya
Saudi: New Murabba, Alat sign deal to develop next-gen vertical transport for The Mukaab
RIYADH — New Murabba Development Company and Alat have signed a memorandum of understanding to explore advanced vertical mobility solutions — including next-generation elevators and escalators — for The Mukaab and the wider New Murabba development. The agreement focuses on deploying innovative technologies to enable seamless and intelligent movement within the mega urban destination. This includes the integration of transformative digital systems to elevate the visitor experience inside The Mukaab through cutting-edge, multi-sensory environments. Under the MoU, both parties will collaborate on identifying the best financing strategies for initial investments in hardware and R&D. The agreement also includes a feasibility study to establish high-performance manufacturing facilities in Saudi Arabia capable of meeting project demands, supporting national localization targets tied to New Murabba. Post-installation services such as warranty, maintenance, and software updates will also be jointly assessed. Michael Dyke, CEO of New Murabba Development Company, said the agreement marks a key milestone in delivering a future-ready, smart urban destination. "Our partnership with Alat reinforces our commitment to integrating next-gen technologies that will redefine urban living and visitor engagement," he said. Alat CEO Amit Midha described the collaboration as a bold step toward shaping tech-enabled urban life. "Combining Alat's AI-driven solutions with New Murabba's ambitious vision opens new possibilities for transformative smart city experiences," he added. The Mukaab is envisioned as a next-generation urban marvel — measuring 400 meters in height, width, and length — making it the tallest and most prominent structure in Riyadh. It combines traditional Najdi architectural aesthetics with advanced technology to create a mixed-use destination offering luxury hospitality, cultural attractions, residential units, retail zones, and interactive entertainment venues. Inside The Mukaab, visitors will be immersed in a world of innovation, from holographic 3D displays to a world-class digital sound system designed to accommodate large-scale performances. The structure will feature a one-of-a-kind lighting system that harmonizes art and innovation, enhancing the visual experience and seamlessly integrating with curated events and exhibitions. A unique pedestrian gateway will guide visitors through a tranquil path transitioning them from the bustling city into this immersive environment. © Copyright 2022 The Saudi Gazette. All Rights Reserved. Provided by SyndiGate Media Inc. (
Yahoo
16-06-2025
- Business
- Yahoo
Otis to Power Mobility in The Westin Residences, Tallest Residential Tower in Penang, Malaysia
KUALA LUMPUR, Malaysia, June 16, 2025 /PRNewswire/ -- Otis (NYSE: OTIS), the world's leading elevator and escalator manufacturing, installation and service company, will install cutting edge technologies and smart, connected solutions that power vertical mobility for the Westin Residence and Hotel by Macrovest Sdn. Bhd. (VST Group), a leading developer in Malaysia. Otis will provide 19 high speed SkyRise® (travelling at up to 6 meters per second), four Gen3™ and ten Otis Arise™ elevator systems, as well as a car elevator. "With Malaysia experiencing significant urbanization and related infrastructure development, the demand for efficient and reliable vertical transportation solutions is on the rise," said Pradeep Nair, Managing Director, Otis Malaysia. "We are honored to collaborate with our long-term customer Macrovest Sdn. Bhd to provide safe, comfortable, and fast elevator systems that will enhance the passenger experience for all future visitors." Soaring 69 stories above Penang's vibrant cityscape and the sea-facing promenade of Gurney Drive, the Westin Residences will house 498 units and will become the tallest landmark in the city. Accompanying it, a 28-story hotel with specialty restaurants will offer visitors an exceptional standard of style and quality. About Otis Otis gives people freedom to connect and thrive in a taller, faster, smarter world. The global leader in the manufacture, installation and servicing of elevators and escalators, we move 2.4 billion people a day and maintain approximately 2.4 million customer units worldwide – the industry's largest Service portfolio. You'll find us in the world's most iconic structures, as well as residential and commercial buildings, transportation hubs and everywhere people are on the move. Headquartered in Connecticut, USA, Otis is 72,000 people strong, including 44,000 field professionals, all committed to manufacturing, installing and maintaining products to meet the diverse needs of our customers and passengers in more than 200 countries and territories. To learn more, visit and follow us on LinkedIn, Instagram and Facebook @OtisElevatorCo. View original content to download multimedia: SOURCE Otis Elevator Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
