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Company type | Private |
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Founded | 1979 |
Founder | Hussain Al Nowais |
Headquarters | Abu Dhabi, United Arab Emirates |
Services |
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Website | alnowais |
Al Nowais Investments is a UAE-based investment holding company [1] [2] that owns and controls various subsidiary companies. [3] It operates in the field of energy, infrastructure, healthcare, hospitality and real estate, FMCG, and technologies. [4] Among its biggest subsidiaries are the Danway Group, Emircom, Pharmatrade, and Rotana. [5]
Founded in 1979 [5] [6] by Hussain Al Nowais, the company has evolved from a local business to a regional conglomerate in multiple markets. [7]
In 2014, Al Nowais signed a Memorandum of Understanding with the Egyptian Electricity Holding Company to build a power plant in Oyoun Moussa, south of Sinai, Egypt. [8] [9] [10] [11]
In 2021, Al Nowais invested $1 billion in two renewable energy plants in Egypt. [12] According to the company, it recorded revenues of around $1 billion in the same year. [5]
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