Condor to Build Air Conditioner Factory in Egypt, Eyes Regional Expansion
Image: Rass El Mal
Takeaway
Condor's expansion into Egypt signals a strategic move to capitalize on the growing demand for household appliances in the region. Investors should monitor Condor's partnerships and distribution agreements in Egypt, as these will be key indicators of the company's ability to gain market share and establish a sustainable presence. The focus on local manufacturing and after-sales service positions Condor as a practical solution for Egyptian consumers seeking high-quality, affordable appliances and air-conditioning units.
Algeria's Condor Group has initiated the process of establishing a new factory in Egypt dedicated to the production of household air conditioners and air conditioning systems. The factory is projected to have an annual production capacity of 100,000 units. This move aligns with Condor's broader strategy to expand its regional presence and strengthen its industrial footprint in Arab and African markets. Condor aims to begin local manufacturing in Egypt by 2027, potentially launching the industrial investment as early as 2026.
Condor Group officially launched its brand in the Egyptian market in December 2025, signaling a strategic shift towards investment, partnerships, and local manufacturing, rather than relying solely on exports. Mohamed Saleh Daas, Vice Chairperson of Condor Group, emphasized that Egypt is viewed not only as a major consumer market but also as a regional hub and gateway to broader Middle Eastern and African markets. At the IATF 2025 in Algeria, Condor Algeria signed six export contracts with Tunisia, Libya, Egypt, Mauritania, and two new markets: Côte d'Ivoire and Senegal. Condor currently distributes its products in the Egyptian market under three brands—Condor, Hisense, and Nardi.
Condor intends to establish a manufacturing base in Egypt, targeting local production of televisions, refrigerators, and air conditioners. The company plans to invest approximately $10 million USD in establishing the air conditioning factory in Egypt. Condor’s products offered in Egypt are Eurovent-certified and feature energy-efficient inverter technology, designed to operate efficiently under electrical voltage fluctuations. The company aims to produce 3 million air conditioning units globally by 2026.
The establishment of a manufacturing base in Egypt is expected to support local industry, create jobs, and facilitate the transfer of technical expertise. Condor aims to introduce products that meet international efficiency standards while remaining competitively priced. Ahmed Abdel Moneim, Commercial Director of Condor AC Egypt, stated that the air-conditioning units offered in Egypt are designed to operate efficiently under varying power conditions. Condor targets sales of approximately EGP 500 million in the Egyptian market by 2026.
Condor Group comprises 32 companies operating across 12 industrial sectors, employing more than 17,000 workers. The group generates annual sales exceeding $1.5 billion USD and contributes approximately 50% of Algeria's exports of electrical and electronic appliances. Condor recently launched Africa's largest air conditioning manufacturing plant in partnership with Hisense, with a production capacity of up to 2 million units annually. This facility is part of a broader five-year investment plan valued at $1 billion USD, aimed at expanding global capacity to 10 million units annually and entering 35 international markets.