Arab Finance: Unionaire Group intends to increase its investments in Egypt to $500 million in 2025, a significant increase from the $300 million invested in 2024, Asharq Business reported, citing the company’s Chairman Mohamed Fathy.

Speaking at a press conference, Fathy outlined ambitious plans for the company, which include the annual production of 1.2 million gas cylinders and one million refrigerators over the next three years.

Additionally, Unionaire aims to expand its product portfolio by integrating artificial intelligence technologies into its devices and transitioning all locally manufactured products to energy-efficient digital models.

Established in 1995 in Egypt, Union Air pioneered local air conditioning manufacturing and now operates 16 factories in the country.

The company exports its products to approximately 95 countries, underscoring its global reach and market presence. 

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