Miraco is the leading company in the field air conditioning and Refrigeration.In 1976, Miraco (MISR REFRIGERATION & AIR CONDITIONING MFG. Co. S.A.E) was founded as a joint stock company by its Chairman Adel Barakat, who has been in the industry over 44 years. The original factory, built in 1979 in Abu Rewash, was 5,400 m2 and had a production capacity of 2,000 Boxes per year with a total workforce of 250 employees. In 1992, Miraco signed a joint venture agreement with Carrier Corporation. Since then Miraco Carrier has become the largest heating, ventilation and air conditioning company in Africa.In 2010 Midea joined (Carrier 37.5%, Midea 32.5%)In 2019 Midea share increased to be 51%.Today there are two factories, all with the latest manufacturing technology, and a total working space of over 90,000 m2. From that small dream back in 1976, the production capacity has now expanded to over 400,000 Boxes per year and a total workforce of more than 1,400 dedicated employees. Miraco Carrier holds a prominent place in the Egyptian market and is well known for its quality manufacturing, distribution, HVAC contracting, commercial refrigeration, and service divisions. It has the largest dealership network in the country as well as the largest service organization.