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RIYADH:�������� has signed an agreement to export 5,400 locally manufactured air conditioning units to Egypt throughout 2025, marking a significant step for the Kingdom’s non-oil exports.
Mohannad Al-Shaikh, CEO of Johnson Controls Arabia, told Al-Eqtisadiah that the “Made in ��������” units will supply a major real estate development project in Egypt, led by ORA Co. The initiative is in partnership with Raya Corp, he added.
All units are produced at the York Manufacturing Complex in King Abdullah Economic City under the “Made in ��������” label. The facility is Johnson Controls’ largest manufacturing plant in Europe, the Middle East, and Africa, exporting over 30 percent of its output to 26 countries, including the US and China. Locally, production accounts for more than 80 percent of the company’s sales.
“This achievement goes beyond a commercial partnership; it underscores Saudi industry’s capability to expand globally and export innovation,” Al-Shaikh said. 
“It positions the Kingdom as a hub for designing, manufacturing, and exporting advanced smart air conditioning technologies.”
The exported units are YORK Hi-End R32 Inverter Hi-Wall models, noted for high energy efficiency and integration of artificial intelligence and Internet of Things technologies for smart temperature and indoor air quality control. 
The systems were developed with support from Johnson Controls Arabia’s R&D Center in Jeddah to meet the needs of various regional markets.
Bassem Mojahed, CEO of Raya Corp., said: “We take pride in this partnership. It is a strategic step in delivering advanced air conditioning solutions to the Egyptian market, aligned with the latest global technologies for residential and commercial spaces.”

JEDDAH: Egypt’s exports rose to $29.9 billion during the first seven months of 2025, up 17.3 percent compared with the same period last year, according to official data..

The growth was largely driven by higher shipments of manufactured and semi-manufactured goods, which climbed to $23.7 billion from $19.4 billion a year earlier, the Egyptian Cabinet said, citing a report by the Central Agency for Public Mobilization and Statistics.

Exports increased 20.1 percent year on year in January to $4.36 billion, compared with $3.63 billion in the same month of 2024.

Amid a rapidly evolving global economy, Egypt is aligning its development strategy with Vision 2030 and its broader economic reform program, focusing on high-productivity sectors and expanding export capacity.

 In its official Facebook account, the Egyptian Cabinet stated: “The value of exports from January to July 2025 rose to $29.9 billion compared to $25.5 billion during the same period of 2024.”

The rise in exports during the first seven months was supported by strong growth in several key categories: ready-made garments up 15 percent, pasta and food preparations up 31 percent, iron bars, rods, and wires up 24.7 percent, and dry pulses up 15.6 percent.

Some product categories, however, saw declines — including fresh fruits, down 0.2 percent; petroleum products, down 12.9 percent; fertilizers, down 25 percent; and primary plastics, down 16 percent. 

Egypt aims to strengthen its trade and investment sectors by promoting export-oriented industries and is working on activating free trade agreements with various economic blocs, such as the African Continental Free Trade Area, the COMESA agreement, and the South American free trade bloc Mercosur.

This focus was underscored by Deputy Finance Minister Yasser Sobhi in his meetings with international institutions, banks, and investors in Washington last week.

Sobhi affirmed that Egypt has executed a program of economic and structural reforms and balanced policies to maintain fiscal discipline, stimulate the private sector, and bolster production and export-led growth. 

He stated that these measures are contributing to increase the competitiveness of the Egyptian economy and attract more domestic and international investment flows.