Lotus Egypt, a manufacturer of elevator components and optical communication products, and Noark Group, a leading global supplier of transportation and telecommunications solutions, have jointly announced their intention to form a joint venture to serve the Egyptian market. The new company, which brings together two industry leaders, will offer a wide range of products and services to meet the growing demands of the Egyptian market.

Lotus Egypt and Noark Group will work together to provide elevator parts and maintenance services to Egyptian real estate companies. They will also collaborate on the development and production of optical communication products to serve key customers such as the Cairo International Airport and Telecom Egypt. The joint venture will strengthen both companies' positions in the Egyptian market and allow them to offer more comprehensive solutions to their customers.

The cooperation between Lotus Egypt and Noark Group reflects their shared commitment to providing customers with quality products and services. The new company will combine their resources and expertise to provide industry-leading solutions to the Egyptian market. This partnership is expected to create new employment opportunities and generate economic growth in the region.

The joint venture is expected to bring together the best talents and technologies from both companies to provide unparalleled products and services to customers. The new company will actively explore new market opportunities and drive the development of the Egyptian market.