Algeria’s Condor Group has officially launched its brand in the Egyptian market, marking a new phase in its regional expansion strategy focused on investment, partnerships, and local manufacturing, rather than exports alone. Speaking at the event, Mohamed Saleh Daas, Vice Chairperson of Condor Group, said Egypt represents a strategic market for the company’s long-term growth plans. As part of its industrial plans, Condor intends to establish a manufacturing base in Egypt, targeting local production of televisions, refrigerators, and air conditioners. Condor aims to begin local manufacturing in Egypt by 2027, leveraging logistical proximity between the two countries. Condor Group operates 32 companies across 12 industrial sectors, employing more than 17,000 people.

Source: Daily News Egypt January 04, 2026 19:16 UTC