EqualOcean has learned that on October 30, the signing ceremony for the joint venture elevator factory between Yuanda Intellectual Industry Group（远大智能，Stock code: 002689）and Saudi Gulf Group took place. As the first Chinese brand to establish a Sino-Saudi joint venture elevator factory in Saudi Arabia, the collaboration between BLT（博林特）and Gulf Group has created the largest joint venture elevator factory in Saudi Arabia to date.
BLT, a well-known elevator brand under Yuanda Intelligent, will bring cutting-edge elevator solutions to the Saudi market, leveraging its global technological R&D advantages, product innovation, and comprehensive after-sales service system. Additionally, through its strategic partnership with Gulf Group, BLT will further expand its market network and establish a more extensive service system in the Middle East.
The initial production capacity of the Saudi Gulf BLT joint venture factory will reach 2,000 elevators annually. This will not only provide more efficient and high-quality elevator products for the Saudi market but also effectively promote local economic growth, create more job opportunities, and enhance Saudi Arabia's competitiveness within the global elevator industry chain. In the coming years, BLT and Gulf Group will increase investment, with an additional 200 million RMB planned for expanding the production line. The annual production capacity of the joint venture factory is expected to rise to 5,000 units, making it the most advanced elevator production line in Saudi Arabia.
Picture Source：Construction Week