Egyptian-made elevators? The Arab Organization for Industrialization and Talaat Moustafa Group will work to localize elevator manufacturing under a framework agreement inked with Swiss elevator and escalator manufacturer Schindler, according to a statement. Schindler will launch a program to localize certain elevator components, which will then be used in upcoming Housing Ministry and New Urban Communities Authority projects.

The details: Under the agreement, Talaat Moustafa Group and the Arab Organization for Industrialization will set up a facility for the assembly and testing of elevators, while Schindler will provide technical assistance and manage the facility. The facility is expected to produce 5k elevators a year over a ten-year period.

ICYMI: Last year, we discussed the challenges facing the elevator industry in Egypt amid demand increase in our weekly section Inside Industry.

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