NYSE:OTISMachinery
How Egypt’s Large Elevator Contract Could Influence Otis Worldwide’s (OTIS) Growth Story and Order Pipeline
On September 8, 2025, Mountain View Real Estate Development announced that Otis Worldwide Corporation will supply and install 265 Otis Gen2® Prime elevator systems for several residential projects in Egypt, including developments in New Cairo and 6th of October City, featuring premium finishes and multiple stop configurations.
This high-profile contract highlights Otis’s potential to strengthen its foothold in the Middle East and North Africa’s rapidly expanding residential real estate...