The Arab Organization for Industrialization, Talaat Moustafa Group (TMG), and Schindler Group have signed a partnership agreement to implement a program for localizing the supply, assembly, and testing of some elevator components for a number of development projects affiliated with the Ministry of Housing   New urban facilities and communities

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 In implementation of the directives of President Abdel Fattah El-Sisi, President of the Republic, to transfer technology and localize industries, especially those that are imported from abroad..

The Minister of Housing Dr. Assem ElGazzar and the Major General, Engineer Ahmad El Azzazi, Chairman of the Engineering Authority of the Armed Forces, witnessed the signing ceremony of the framework agreement - for the supply, assembly, and testing of elevators - between Major General Engineer Mokhtar Abdel Latif, Chairman of the Arab Organization for Industrialization, Mr. Hisham Talaat Moustafa, CEO and Managing Director of Talaat Moustafa Holding Group, and Mr. Michael Doppler, Head of Contracts Department at Schindler Group.

Under this agreement, Schindler Group will implement a phased program for localizing specific elevator components. These components will be used in elevators supplied, assembled, and operated within Egypt for projects undertaken by the Ministry of Housing.

As part of this agreement, the Arab Organization for Industrialization and Talaat Moustafa Group will collaborate to establish a facility where Schindler will assemble and test the elevators. Upon completion, Schindler will leverage its technical expertise and management capabilities to assemble and install these elevators in various future national projects undertaken by the Ministry of Housing  And Egyptian state institutions..

The agreement is expected to cover the supply of up to 5,000 elevator units annually over a 10-year period. This significant project will to create a substantial number of job opportunities in the local market. Additionally, the agreement

includes a program for granting accreditation and professional licenses, which will enhance the skills of the Egyptian technical workforce.

In this context, Dr. Assem Al-Gazzar, Minister of Housing, Utilities and Urban Communities, confirmed that the Ministry supports and encourages reliance on local industry, and maximizing the local component in various products, including elevators, leading to complete manufacturing locally, in implementation of the directives of President Abdel Fattah El-Sisi, to maximize reliance on Local products, and the localization of modern technologies and industries, especially in light of the great urban renaissance witnessed throughout the Egyptian state in various fields, which provides a golden opportunity for the Egyptian industry to compete strongly in providing various products to meet the needs of projects.

Major General Engineer Mokhtar Abdel Latif expressed his pride in the collaboration between the AOI, Talaat Moustafa Group, and Schindler Company. He emphasized the AOI's commitment to attracting investments and fostering strong partnerships with leading Egyptian private sector companies and international firms.

He explained that the electric elevator manufacturing project underwent a thorough scientific and engineering evaluation. This project leverages the manufacturing capabilities of the AOI's Kader Factory for Advanced Industries and prioritizes maximizing the local component ratio throughout the project's implementation phases.

Mr. Hisham Talaat Moustafa stated that this agreement aligns with national efforts to attract foreign investment and localize manufacturing. He pointed out that the Group's commitment to high-quality standards in its real estate and hotel projects is perfectly complemented by this partnership. Together with the Arab Organization for Industrialization and Schindler, they aim to deliver top-tier elevator systems for these projects.

Concurrently, Mr. Michael Doppler, Head of Global Contracts Management at Schindler, expressed Schindler's pride in supporting this significant industrial project. They will do so by providing their expertise, management services, and high-quality vertical mobility solutions.