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 a car elevator, as well as ten Link™ escalators.

"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 www.otis.com and follow us on LinkedIn, Instagram and Facebook @OtisElevatorCo.

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.  

Image: Macrovest Sdn. Bhd. (VST Group)

Image: Macrovest Sdn. Bhd. (VST Group)

Otis will provide 19 high speed SkyRise® (travelling at up to 6 meters per second), four Gen3™ and a car elevator, as well as ten Link™ escalators.

"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."

Image: Macrovest Sdn. Bhd. (VST Group)

Image: Macrovest Sdn. Bhd. (VST Group)

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 www.otis.com and follow us on LinkedIn, Instagram and Facebook @OtisElevatorCo.

Image: Macrovest Sdn. Bhd. (VST Group)

** The press release content is from PR Newswire. Bastille Post is not involved in its creation. **

Otis to Power Mobility in The Westin Residences, Tallest Residential Tower in Penang, Malaysia

Otis to Power Mobility in The Westin Residences, Tallest Residential Tower in Penang, Malaysia

JEDDAH, Saudi Arabia, Jan. 12, 2026 /PRNewswire/ -- Dar Global (LSE: DAR), the London-listed international luxury real estate developer, announced today the official launch of Trump Plaza Jeddah, marking its third prestigious collaboration with The Trump Organization in Saudi Arabia. Valued at over USD 1 billion, this landmark development, strategically located within the expansive Amaya development along King Abdulaziz Road, is poised to redefine luxury urban living in Jeddah's thriving real estate landscape, following the successful launch of Trump Tower Jeddah in December 2024.

 

Residential offerings include fully furnished 1, 2, and 3-bedroom Trump Executive Residences; premium 2, 3, and 4-bedroom Trump Park Residences; and exclusive 4-bedroom Trump Townhouses. Together with thoughtfully designed home offices, premium retail, and curated dining, the project redefines modern living by blending convenience and luxury into a single, connected destination. Optional rental management services further enhance the appeal for international owners seeking a turnkey ownership experience.

Eric Trump, Executive Vice President of The Trump Organization, commented: "Expanding our presence in Saudi Arabia with Trump Plaza Jeddah underscores our commitment to world-class quality and iconic design. This project reflects the strength of our relationship with Dar Global and our confidence in Jeddah as a dynamic, globally relevant city. Trump Plaza Jeddah will set a new benchmark for integrated urban destinations."

Ziad El Chaar, CEO of Dar Global, added: "The launch of Trump Plaza Jeddah represents a major milestone in our Saudi portfolio. This is not a single-use development, but a carefully curated urban ecosystem designed for global residents who want to live, work, and connect within the best address in Jeddah. Anchored by a private park and supported by world-class amenities, Trump Plaza Jeddah introduces a new model for modern city living in the Kingdom."

Central to the lifestyle offering is the exclusive 4,000-square-metre Vitality Club, with golf simulators, a spa, sports medicine and recovery facilities, swimming pools, dining, and high-performance wellness spaces. Destination retail and dining, including Trump Grill, Trump Daily, an artisan bakery, and a fitness pro shop, reinforce its positioning as a district day and night.

Located at the heart of the 1,000,000-square-metre Amaya development, Trump Plaza Jeddah anchors a new, highly integrated urban district that reflects the Kingdom's growing prominence as a global real estate destination, supported by foreign-ownership incentives, a 0% capital gains tax, and accelerated infrastructure investment.

** The press release content is from PR Newswire. Bastille Post is not involved in its creation. **

DAR GLOBAL AND THE TRUMP ORGANISATION EXPAND SAUDI PORTFOLIO WITH USD 1BN TRUMP PLAZA JEDDAH