Daikin expands presence in Egypt with new headquarters
Egypt - Daikin, a global leader in high-quality air conditioning, heating, ventilation, and refrigeration (HVAC-R) solutions for residential, commercial, and industrial applications, has officially inaugurated its new headquarters in New Cairo City, Egypt.
Strategically located in Marakez District 5, the upgraded facility enhances convenience and value for Daikin's customers and partners, positioning the company at the heart of growing business opportunities in the region. The grand opening was marked by a ribbon-cutting ceremony attended by Hasan Onder, President of Daikin Türkiye, Middle East, and Africa; Fumio Iwai, Ambassador of Japan to Egypt; and Sherif Soliman, Managing Director of Daikin Egypt.
'With our new head office in Egypt, Daikin is better equipped to serve both residential and commercial markets, meet rising demand, and support our ambitions in the local market. The upgraded facilities will enable us to continue innovating and delivering customer-centric solutions that enhance the overall experience, strengthen our brand, and reinforce our long-term partnerships,' said Hasan Onder.
Sherif Soliman, Managing Director of Daikin Egypt, emphasized the company's commitment to industry innovation, stating: 'This upgraded facility reflects our dedication to advancing the HVAC-R industry and meeting the increasing demand for energy-efficient air conditioning solutions in the region.'
The new headquarters features a state-of-the-art showroom showcasing Daikin's extensive range of advanced HVAC-R solutions. Customers and partners will have the opportunity to experience live product demonstrations in an interactive setting. Additionally, the facility includes a cutting-edge training and education center designed to equip professionals with the latest skills, reinforcing Daikin's mission to elevate industry standards.
Strategically positioned near major roads and business hubs, the head office streamlines operations for Daikin's customers and partners, offering easy accessibility and ample parking. A forthcoming free zone in the vicinity is set to further enhance convenience and operational efficiency. Designed with future expansion in mind, the facility also holds the potential to accommodate a local manufacturing unit.
This milestone comes as Daikin celebrates its 100th anniversary worldwide and follows the company's recent recognition as a Great Place to Work. The expansion not only strengthens Daikin's presence in Egypt but also underscores its ongoing commitment to delivering innovative HVAC-R solutions while fostering a dynamic work environment.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Zawya
12 minutes ago
- Zawya
Egypt: African Development Bank to provide $184.1 million for Africa's largest solar energy and battery storage project
The Board of Directors of the African Development Bank Group ( has approved a financing package of up to $184.1 million to support the development of the Obelisk 1-gigawatt solar photovoltaic project and 200MWh battery energy storage system in Egypt, which will be Africa's largest solar power plant. Located in Qena Governorate in southern Egypt, the project entails the design, construction, operation, and maintenance of a photovoltaic power plant with an integrated battery energy storage system. The Egyptian Electricity Transmission Company will be the sole off-taker under a 25-year Power Purchase Agreement. The project's total cost is estimated at more than $590 million. The Bank Group's financing package includes $125.5 million of ordinary resources, as well as concessional funding from Bank Group-managed Special Funds the Sustainable Energy Fund for Africa (SEFA) worth $20 million, and the Canada-African Development Bank Climate Fund ($18.6 million), a partnership of the Bank Group and the Government of Canada. A further $20 million will come from the Climate Investment Funds' Clean Technology Fund, with additional financing to be mobilized from a consortium of development finance institutions. Under Egypt's Nexus of Water, Food, and Energy (NWFE) platform, Obelisk has been granted a Golden License by the government, which recognizes it as a strategic initiative that will contribute to addressing Egypt's energy constraints and advancing its energy transition. Dr. Rania Al-Mashat, Egypt's Minister of Planning, Economic Development and International Cooperation, said 'the Obelisk solar project is another important milestone for Egypt under the energy pillar of the NWFE program which has since its launch in November 2022 at COP27 in Sharm El Sheikh delivered 4.2 GW of privately financed renewable energy investments, worth about $4 billion, with the support of partners such as the Africa Development Bank. The goal of NWFE's energy pillar is to add 10 GW of renewable energy capacity with investments of approximately $10 billion, and phase out 5 GW of fossil fuel power generation by 2030.' The project, expected to be fully operational by the third quarter of 2026, will generate an estimated 2,772 gigawatt-hours of clean, reliable, and affordable energy annually to the national grid. The battery energy storage system will help meet peak evening demand with renewable power while also mitigating the variability of solar power generation. The project is expected to reduce annual carbon dioxide (CO 2) emissions by approximately one million tons and create about 4,000 jobs during construction and 50 permanent jobs during operation, with a special focus on women and youth employment. 'Obelisk is another landmark development under NWFE that leverages on Egypt's and the African Development Bank's leadership as well as commitment to harnessing the country's renewable energy to enhance the resilience of the country's energy supply to meet its fast-growing energy demand sustainably,' said Kevin Kariuki, African Development Bank Vice President for Power, Energy, Climate, and Green Growth. 'This project also contributes to Egypt's ambition of producing 42 percent of its power generation capacity from renewable energy sources by 2030 while spurring economic growth and reducing greenhouse gas emissions,' Ambassador of Canada to the Arab Republic of Egypt Ulric Shannon said: 'Canada is proud to support solar energy development in Egypt. This initiative is a meaningful step toward enhancing energy security and stability, with direct benefits for the Egyptian people. We are pleased to collaborate with the African Development Bank and other partners in supporting Egypt's transition to a sustainable, low-carbon economy.' The Obelisk Solar Project aligns with the African Development Bank's Ten-Year Strategy, its New Deal on Energy for Africa, and its Country Strategy Paper for Egypt as well as SEFA's strategic framework which aims to accelerate African countries energy transition by increasing the share of renewables and catalyzing commercial capital mobilization in the power sector. The project also advances Egypt's commitment to achieve 42 percent generation capacity from renewable energy sources by 2030. 'This project exploits the abundant renewable energy potential in Africa and demonstrates how strong partnerships and innovative solutions contribute to balancing three core objectives in the energy sector, namely energy security, affordability, and sustainable economic development,' said Wale Shonibare, Director of Energy Financial Solutions, Policy, and Regulation at the African Development Bank. 'It has high potential for replicability across the continent.' Distributed by APO Group on behalf of African Development Bank Group (AfDB). Media Contact: Olufemi Terry Communication and External Relations Department Technical Contact: James Otto Senior Investment Officer Energy Financial Solution and Policy Regulations Department About the African Development Bank Group: The African Development Bank Group is Africa's premier development finance institution. It comprises three distinct entities: the African Development Bank (AfDB), the African Development Fund (ADF) and the Nigeria Trust Fund (NTF). On the ground in 41 African countries with an external office in Japan, the Bank contributes to the economic development and the social progress of its 54 regional member states. For more information:
Zawya
12 minutes ago
- Zawya
Egypt agrees to buy up to 160 LNG cargoes through 2026, sources say
Egypt has reached agreements with several energy firms and trading houses to buy between 150-160 cargoes of liquefied natural gas (LNG) costing over $8 billion to cover power demand through end-2026, industry sources aware of the matter told Reuters. (Reporting by Marwa Rashad in London; Additional reporting by Mohamed Ezz in Cairo; Editing by Nina Chestney)
Zawya
an hour ago
- Zawya
Egypt plans to expand electricity interconnection capacity with Jordan
Egypt is planning to issue a tender to appoint a global consultant to upgrade the electricity interconnection line with Jordan to 2 gigawatts (GW). The tender is likely to be offered during the second half of 2025, Ashraq News reported citing unnamed sources. The current capacity is 500 megawatts (MW), which is being exchanged via a 400-kilovolt submarine cable implemented in 1999, the report said. The consultant will conduct technical studies as part of the eight-country power interconnection project, which includes Egypt, Jordan, Iraq, Lebanon, Syria, Libya, Turkey, and Palestine. The project is being undertaken in coordination with Jordan, the report said. Construction is underway on a 3GW interconnection project between Egypt and Saudi Arabia at an estimated cost of $1.8 billion. (Writing by P Deol; Editing by Anoop Menon) (
