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TMG overhauls Egypt’s industrial blueprint to break import dependency
It represents the first physical output of a strategic pivot in Egypt’s industrial landscape. This shift from importer to manufacturer is the cornerstone of a new initiative led by Talaat TMG. The Shift to Industrial Localisation and Currency StabilityThe initiative, led by TMG, establishes an integrated industrial framework alongside the AOI and Schindler to manufacture elevators locally. This dual-track strategy—pairing heavy industrial investment with social protection—is a central pillar of TMG’s current corporate narrative. The group argues that true economic resilience requires both a robust industrial base and a secure social foundation.
Source: Daily News Egypt February 17, 2026 11:32 UTC
