Otis Worldwide Corporation, a leading elevator and escalator manufacturing and service company, has announced a new contract to provide and install 76 elevators at the Riverside Crescent project by Sobha Realty, a prominent luxury real estate developer. The project, located in Sobha Hartland II in Dubai, aims to redefine luxury living with advanced elevator systems, including 50 Otis Skyrise®, 12 Otis Arise™, and 14 machine-roomless Otis Gen2® elevators. These systems are designed to enhance the living experience, featuring speeds up to 6 m/second and equipped with EMS Panorama™ 2.0 for improved control and visibility. João Penedo, Otis Senior Vice President, emphasized the company's commitment to safety, innovation, and quality, aligning with Sobha Realty's vision for the project.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.