Elevators and escalators
Opportunity Brief
The elevator and escalator industry is a vital sector in the construction industry, experiencing an exponential
increase in demand due to the rapid urban expansion and rising building heights in Egypt Elevators and
escalators are used in residential, commercial, and industrial buildings, as well as public facilities such as
hospitals and airports It’s not just elevators and escalators that are important, but it also includes lifting and
transport equipment,which plays a key role in improving operational efficiency in many industries, such as
the food and chemicalindustries, cement factories, and other diverse industries Choosing the right equipment
depends on the type of load, the work environment, and the technology used.
Investment Opportunity Drivers Local Global Perspectives
- The presence of an industrial base specialized in the installation and maintenance of elevators and escalators, such as Egypco for Elevators Company and Misr Elevators Company, which provides services for supplying and installing elevators and escalators and providing spare parts for maintenance.
- There is an industrial base specialized in manufacturing elevator and escalator components, such as the Gulf Factory, Al Garhi Factory and Al Tony Factory The most important components are (the cabin, the internal and external metal doors, the guide rails for directing the cabin movement, the metal structures, and the basic control systems) Elevators are then assembled in these factories, but local production is still limited.
- Increased domestic demand due to urban expansion and national projects.
- The Egyptian market relies primarily on imported elevators and key components, which opens the door to investment in local manufacturing to reduce the import bill.
- Annual import volume ranges between 130 144 million during the period from 2019 to 2023.
- The government is working to increase local production by encouraging the private sector This has resulted in the United Elevator Group producing 500 elevators annually through Elite factory in Badr Industrial City.
- There are good export opportunities in many global markets due to the increase in global demand during the period from 2019 to 2023 which amounted to approximately 4 for elevators and escalators and 6 for passenger and freight elevator parts.
Nominated industrial areas
- Suze Canal Economic zone (SC Zone).
- 10 th of Ramadan Industrial zone.
- Fayoum Industrial Zone.
- Badr Industrial zone.
Imports of the Arab Republic of Egypt
(in millions of dollars)
Customs items for opportunity
