Trane, part of Ingersoll Rand, has entered a joint venture manufacturing agreement with Dallah Trading Company in Saudi Arabia.
The agreement includes the development of a new manufacturing facility in Saudi Arabia’s King Abdullah Economic City to serve heating, ventilation and air conditioning (HVAC) customers in the Middle East and Africa.
Johan Samuelsson, vice president and general manager for Trane in the Middle East and Africa, said: “Our expanded relationship with Dallah will bring us closer to our customers, which increases our responsiveness, speed-to-market and competitiveness. We expect the facility to be completed in late 2017 and are excited about the opportunities it brings for the future.
The island of Mauritius moved a stage closer to replacing some its current air conditioning systems, which use fossils fuels for power, with a new system which uses sea water from the Indian Ocean for cooling.
The world's largest marine engineering platform, the 'Joseph Plateau', sailed into the island's capital Port Louis to begin work surveying offshore recently. The vessel is helping to introduce a new low carbon cooling system which will use cold sea water for air conditioning systems on the island.
Daikin Europe has partnered with private equity firm, BPE Partners, to start its air conditioning subsidiary in Egypt. Daikin Egypt started in August this year and the company plans to take advantage of the developing economy in the region.
A number of big construction projects are under way in Egypt, including building the New Capital City, work in the New Suez Canal Development Area, and the expansion of Cairo to the east and west of its current boundaries.
Greater Cairo's population is set to grow from 18 million now to 40 million by 2050. That growth in the need for housing, offices, retail and public facilities will mean demand for air conditioning.
The Egyptian government is encouraging foreign investment into its development. At the same time, the government is removing power subsidies which will increase demand for more efficient air conditioning systems, among other products.
Daikin aims to lever the growth in Egypt to help it develop throughout the Middle East and Africa.