#Egypt #Cairo #Otis #Tatweer Misr

Tatweer Misr Partners with Otis for Smart Vertical Mobility Solutions

In an effort to improve urban living conditions, Tatweer Misr, a prominent real estate developer in Egypt, has announced its collaboration with Otis, the world leader in elevator and escalator manufacturing. This partnership is set to implement advanced vertical mobility solutions across six major projects over the next six years, marking a significant initiative in the enhancement of quality of life within urban communities.

Tatweer Misr, founded in 2014, has quickly established itself in the Egyptian real estate market by developing innovative and sustainable urban communities. The company's dedication to smart development is reflected in its diverse project portfolio, which includes iconic locations such as IL Monte Galala on the Red Sea, and several coastal projects like Fouka Bay, D-Bay, and Salt, designed to elevate coastal living experiences. Additionally, projects such as Bloomfields in Mostakbal City and Rivers in West Cairo illustrate the company's commitment to redefining modern residential living.

Otis's Gen2® elevator systems will be integrated within these developments, providing energy-efficient, space-saving, and superior ride quality solutions that align with Tatweer Misr’s vision of future-proof urban living. Otis, recognized for transforming urban mobility for over 170 years, aims to contribute to Egypt's growth through this substantial endeavor, which involves supplying and installing a staggering 1,250 elevators across the projects.

Dr. Ahmed Shalaby, Co-Founder and CEO of Tatweer Misr, expressed confidence in their collaboration with Otis, emphasizing that innovation drives their initiatives. He stated, “This partnership reflects our commitment to quality, sustainability, and the vision of building integrated communities that cater to our residents' needs.”

Moreover, Eng. Baher Ayoub, Senior Vice President and CEO Projects Board Member at Tatweer Misr, noted that the collaboration with Otis enhances construction efficiency and aligns with their construction philosophy, ensuring high standards of safety and operational efficiency. The inclusion of advanced vertical mobility systems is seen as a vital aspect of improving on-site operations and maximizing the utility of space.

João Penedo, Otis's Senior Vice President for Iberia, Africa, and the Middle East, highlighted the importance of this partnership, describing it as one of the largest elevator orders they have received in the region. He echoed the shared vision between both companies to prepare urban spaces for future demands and enhance the experience of city living for residents.

This strategic collaboration not only aims to advance urban living standards in Egypt but also serves as a testament to the impact of innovation in real estate development. It showcases the potential of integrating modern technology within urban infrastructure to meet the changing dynamics of the real estate market and the increasing demands of modern living.

As Tatweer Misr continues to break ground with its ambitious projects, the integration of Otis's cutting-edge vertical mobility solutions exemplifies a proactive approach towards creating sustainable urban environments. This partnership represents more than just a business deal; it signifies a shared commitment to fostering progress, enhancing living standards, and shaping the future of real estate development in Egypt.