Major General Mokhtar Abdel Latif, chairperson of the Arab Organisation for Industrialisation (AOI), inspected the first production units of the Arab-Swiss Elevator Company in Madinaty as part of a programme to localise elevator manufacturing in Egypt. The project is a collaboration between the AOI, Talaat Moustafa Group (TMG), and global firm Schindler to manufacture, assemble, and test elevator components for various real estate and housing projects in the country. Abdel Latif stated that the AOI supports the reliance on local industry and the maximisation of domestic components to achieve full local manufacturing and technology transfer. The Arab-Swiss Elevator Company remains committed to the established delivery schedule and all standard environmental and technical specifications, Abdel Latif added. He further noted the AOI’s focus on participating in national projects for the Ministry of Housing, state institutions, and the private sector.

Source: Daily News Egypt February 16, 2026 15:23 UTC