Latest news with #DaikinEgypt
Zawya
03-03-2025
- Business
- Zawya
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.
Zawya
02-03-2025
- Business
- Zawya
Daikin opens new headquarters in Egypt to drive future growth and innovation
New Cairo, Egypt: Daikin, the leading global innovator and provider of advanced, high-quality air conditioning, heating, ventilation and refrigeration (HVAC-R) products and solutions for residential, commercial and industrial applications, has officially launched its new and upgraded head office in New Cairo City, Egypt. This new facility offers enhanced convenience and value for Daikin's customers and partners, further positioning Daikin at the center of growing business opportunities. Strategically located in the renowned Marakez District 5, Daikin's new office was officially inaugurated with a ribbon-cutting ceremony attended by Mr. Hasan Onder, President of Daikin Türkiye, Middle East, and Africa; H.E. Mr. Fumio Iwai, Ambassador Extraordinary and Plenipotentiary of Japan to Egypt and Mr. Sherif Soliman, Managing Director of Daikin Egypt. 'With our new head office in Egypt, Daikin is better equipped to serve both the residential and commercial markets, meet growing demand, and support our ambitions in the local market. Through upgraded facilities, we are confident that our new premises will enable us to continue to innovate and deliver customer-centric solutions that ensure a superior customer experience, enhance our brand, and support our long-term partnerships,' said Hasan Onder, President of Daikin Türkiye, Middle East and Africa. Commenting on the launch, Mr. Sherif Soliman, Managing Director of Daikin Egypt, said, 'Our new head office in Egypt represents 'Kaizen' (改善), the Japanese philosophy of continuous improvement. It is a symbol of how far we have come and a reminder that we must always strive to be better. With this upgraded facility, we are committed to driving innovation in the HVAC-R industry and meeting the growing demand for energy-efficient air conditioning solutions in the region.' The new facility will provide customers and partners with the chance to experience live product demonstrations in a modern, interactive setting. It will feature a state-of-the-art showroom showcasing Daikin's extensive range of advanced HVAC-R solutions. Additionally, the facility includes a cutting-edge training and education center aimed at equipping professionals with the latest skills, reinforcing Daikin's mission to educating HVAC-R experts and enhancing industry standards. The head office will streamline operations for Daikin customers and partners, benefiting from its prime location near major roads and business hubs, coupled with ample parking space. An upcoming free zone, scheduled to open nearby, will further enhance convenience and efficiency for Daikin's partners. In addition, the facility is strategically designed to accommodate Daikin's future growth, with the potential to house a local manufacturing facility. This milestone, coupled with its recent recognition as a Great Place to Work, marks a significant step towards fostering a better work environment and enhanced team spirit. As Daikin celebrates its 100th anniversary worldwide, this expansion reflects the company's ongoing commitment to providing exceptional HVAC-R solutions while further strengthening its presence in the Egyptian market. About Daikin Daikin Industries (DIL) is a worldwide leader in heat pump, air conditioning, and air filtration technology with more than 98,000 employees. Founded in Osaka in 1924, it is the only manufacturer in the world that develops and manufactures heating, ventilation, air conditioning, and refrigeration equipment, as well as compressors and refrigerants in-house. Daikin was named one of the world's top 100 most innovative companies by Clarivate (UK) and LexisNexis (USA), recognized for its leadership in technology research and intellectual property patents. For its fiscal year 2023 Daikin reported a record sales result of 4395.3 billion yen (28 billion euro) (1 April 2023 – 31 March 2024). Daikin Middle East & Africa promotes and provides aftermarket support for a full range of air conditioning equipment and systems in all GCC, Middle East, and Africa regions. More information can be found at Daikin Egypt was established in 2016, and is responsible to promote, sell and provide aftermarket support for all systems sold in Egypt. Headquartered in New Cario, with a branch in AlHarghada, and employs 50 staff covering all functions from sales, corporate and service. Visit the site for more information:
Zawya
28-02-2025
- Business
- Zawya
Japanese investments in Egypt surge 140% to $60mln in 2024
Japanese investments in Egypt rose 140 percent year on year, reaching $60 million in 2024 up from $25 million in 2023. However, further enhancements to the investment environment are crucial to attracting greater inflows. Awai told Zawya Projects that new investments in the pipeline include a factory for automotive wiring and an existing factory expansion, which he didn't identify. Together, the two projects are expected to generate 12,000 job opportunities, he said on the sidelines of the inauguration of Daikin Egypt's headquarters in New Cairo. The firm, which set up shop in 2016, is the local arm of Osaka-based Daikin, a leading global player in heat pump, air conditioning, and air filtration technology. Despite the growth in Japanese investments, Awai noted that investment levels in Egypt don't correspond to the size of the world's fourth largest economy. He emphasised the need to enhance the investment environment to attract more Japanese businesses. 'The Egyptian government is making clear efforts to improve the business climate," he said, highlighting the importance of continuing economic reforms. Japan is closely monitoring Egypt's economic landscape and supports ongoing structural reforms aimed at enhancing the investment climate, he said. Awai highlighted that Egypt-Japan relations have advanced significantly, particularly after Japanese Prime Minister Fumio Kishida's visit to Egypt in 2023, where both countries agreed to elevate their ties to a strategic partnership. In the education sector, cooperation between the two nations dates back to President Abdel Fattah El-Sisi's visit to Tokyo in 2016, which led to projects such as Japanese-Egyptian Schools (EJS) and the Egypt-Japan University of Science and Technology (E-JUST). The upcoming E-Kousin project will further support engineering and technical education to meet labour market demands. Trade and Infrastructure The Suez Canal Economic Zone (SCZONE) has also witnessed developments, including the upcoming launch of the Ro-Ro terminal for car transport, Awai said. He pointed out that the Japan External Trade Organization (JETRO) has organised trade missions to Egypt, focusing on tourism and industry, with Japanese tourism companies exploring cooperation opportunities. Additionally, the Japan International Cooperation Agency (JICA) continues to support Egypt's development projects through concessional loans and grants, with the latest loan agreement signed during International Cooperation Minister Rania Al-Mashat's visit to Japan. (Reporting by Marwa Abo Almajd; Editing by Anoop Menon)
