Daikin establishes air-con subsidiary in Egypt

Belgium-headquartered Daikin has announced the establishment of Daikin Air Conditioning Egypt, a subsidiary designed to drive its business in the Middle East and Africa

Daikin Air Conditioning Egypt is based in Cairo, and began operations in August 2016.
Daikin Air Conditioning Egypt is based in Cairo, and began operations in August 2016.

Daikin Europe, a wholly-owned subsidiary of Daikin Industries, has announced the establishment of an air-conditioning subsidiary in Egypt.

Formed in partnership with BPE Partners, an Egyptian private equity firm, Daikin Air Conditioning Egypt will form part of Daikin’s long-term strategy for the Middle East and Africa (MEA).

Daikin has stated that it established its Egyptian subsidiary based on a belief that Egypt’s economy represents a pillar of growth for both the MEA region.

A press release issued by the Belgium-headquartered company explained: “In establishing a subsidiary in Egypt, Daikin is laying the groundwork for business development that aggressively competes for large-scale projects by leveraging the local knowledge and investment expertise of BPE Partners and collaborating with the Daikin Middle East Office in Dubai.

“With energy-saving products ranging from residential to commercial use, Daikin is poised to substantially expand business in Egypt. The success it achieves in the Egyptian market will be used as a springboard to future development in the Middle East and Africa,” the release added.

Daikin Air Conditioning Egypt is based in Egypt’s capital city, Cairo, and began operations earlier this month.

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