KONE Areeco Ltd
KONE Areeco Ltd: 550 employees, $85M revenue. Verified contacts, financials & market intelligence on SA's elevator sector. Free profile on Vertisk.
10 public people · 0 tender wins · 11 verified market signals
| Country | SA |
|---|---|
| Region | middle_east |
| Headquarters | King Fahad Road - Olaya District, Al Hamad Tower - Floor 8, Riyadh, Saudi Arabia |
| Employees | 550 |
| Fleet (est.) | ~25,000 units |
| Reported revenue | $85,000,000 USD (FY2025) |
| Market position | KONE Areeco Ltd (Saudi Arabia country operations) is a KONE Corporation subsidiary in KSA with approximately 550 employees and revenue of approximately €200M (~$220M). Maintains ~25,000 units under service contract with ~14% Saudi market share. Recent activity: won King Fahd Airport modernization (Nov 2024). Saudi Arabia is the largest KMTA market by fleet size and second-largest by revenue (after UAE). Operations sit under KONE-KMTA-DIRECT subregional unit, parent KONE-APMEA area unit. |
| Operates in | SA |
| Website | https://www.kone.com |
Public people
- MOHAMED HALIK — Elevator and Escalator specialist | Field Techinical support at KONE
- Osama Cheaib — Technical Helpdesk Manager at KONE
- Abdullah Hattab — Service Engineer at KONE
- Ahmed Shawky — Installation Manager @ KONE
- Mohamad Kadi Amin — Installation Engineer at KONE |MBA®| PMP® |NEBOSH IGC | OSHA | IOSH | IMS Internal Auditor| CSSGB | L6σ Yellow Belt
- Ghada Bin Delak
- Mohammed I. Albraim
- Ahmad Al-khateeb
- Mohamad Kaddah
- Abdallah Barghouthi
Market signals
- Feeling grateful for this opportunity from McKinsey.org for the valuable lectures that focuses on human we met in our daily life at work and how management shall involve the emotional intelligence not
Feeling grateful for this opportunity from McKinsey.org for the valuable lectures that focuses on human we met in our daily life at work and how management shall involve the emotional intelligence not only to reach to our requirements bu…
- I’m happy to share that I’ve obtained a new certification: McKinsey.org Forward Program from United Latino Students Association!
I’m happy to share that I’ve obtained a new certification: McKinsey.org Forward Program from United Latino Students Association!
- The Makkah Clock Tower is one of the world’s tallest and most iconic landmarks
The Makkah Clock Tower is one of the world’s tallest and most iconic landmarks
- INDUSTRY: Jeddah Tower update — 2028 completion, $2B. KONE potential mega-project
Sameer AlKhuder: Jeddah Tower (world tallest) confirmed 2028 completion, $2B. KONE employee visiting site signals KONE involvement or interest in this mega-project. Vertical transportation contract for 1km+ tower is industry-defining. [l…
- Tasaud Hussain Ansari — KONE Saudi Safety Week
KONE Saudi Safety Quality & Sustainability Manager safety week. 34 likes.
- Hussah Alsubaie — Joined KONE Saudi Arabia
New KONE Saudi Collections Consultant joins. 64 likes.
- King Fahd Airport Modernization — Nov 2024
King Fahd International Airport Dammam — full people flow modernization contract.
- KONE Saudi — Country Deep Dive
EUR 80M. 350 emp. 8K units. KONE Areeco Ltd. Under Dajani (KMTA). Vision 2030 mega-projects (NEOM, The Line). NE CAGR 16.3% FY22-25. Strong growth pipeline.
- KONE Saudi: Safety Week — Creating Safety Together
Sahil Alsabban (KONE Saudi Sr HSE Engineer): Safety Week preview. Creating Safety Together program visible in Saudi office. Confirms global safety program rollout includes ME. [medium: 19L/0C/0S]
- Jeddah Tower Contract — Q3 2025
Jeddah Tower (1,000m+) contract booked. UltraRope technology. First won 2014 as Kingdom Tower, re-booked 2025.
Lift procurement worldwide
We do not yet track public procurement in Saudi Arabia. The figures below cover Worldwide, shown for comparison.
22,775 tender notices · 45,007 building permits · independents hold 65.6% of named wins
By type of work
- new install — 36,974
- modernization — 17,074
- maintenance — 7,109
- repair — 1,420
Worldwide by type of work
- new install — 36,974 notices
- modernization — 17,074 notices
- maintenance — 7,109 notices
- repair — 1,420 notices
Worldwide market
- Companies profiled — 90
- Tender notices — 22,775
- Modernisation notices — 17,074
- Building permits — 45,007
- Independents’ share — 65.6%
KONE KMTA Direct Operations in other markets
- KONE KMTA Direct Operations
- KONE Asansör San. ve Tic. A.Ş. (Turkey)
- KONE Assarain LLC (Oman)
- KONE Bahrain SPC
- KONE Elevators LLC (Qatar)
- KONE Israel
- KONE Kenya Ltd
- KONE Kuwait
- KONE LLC (Egypt)
- KONE Morocco
- KONE Nigeria
- KONE South Africa (Pty) Ltd
- KONE Tunisia
- KONE UAE
- KONE Uganda