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Egyptian/ Saudi Plan to Porduce Elevator, Escalator

Egypt's National Authority for Military Production and Gulf Elevators and Escalator Co. (GEEC) of Jeddah, Saudi Arabia, have agreed to manufacture a range of elevators and escalators in Egypt for both domestic and foreign markets, Daily News Egypt reports. Egypt Minister of Military Production Mohamed Al-Assar said the intent is to start with the manufacture of components, then gradually ramp up to full unit production. Al-Assar said Egypt's location on the Red and the Mediterranean seas makes it a prime production base for products intended for Arab, African and European countries.

(above article is reprinted from www.elevatorworld.com)

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