OTIS Secures Major Modernization Contract for Burj Khalifa [Yahoo! Finance]
NVR, Inc. (NVR)
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Source: Yahoo! Finance
modernize 34 elevators and eight escalators in the iconic Burj Khalifa, the world's tallest building. This contract also includes servicing all units for an additional decade. Since the installation of the first elevators and escalators in 2010, Otis has been a trusted partner for Emaar Properties, ensuring safe and efficient vertical mobility within the 828-meter-tall structure. The company's expertise has been instrumental in maintaining smooth operations for the supertall building, which features over 160 stories and attracts millions of visitors annually. The Burj Khalifa's original elevators, installed by Otis, include double-deck units capable of speeds up to 10 meters per second, swiftly transporting passengers to the observation deck on the 124th and 125th floors in just 60 seconds. Otis' Elevator Management System (EMS Panorama) played a crucial role in monitoring the performance of the building's elevators and escalators. With the upcoming modernization, a new and impr
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