Al Nowais Investments

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Al Nowais Investments
Company type Private
Founded1979;46 years ago (1979)
Founder Hussain Al Nowais
Headquarters Abu Dhabi, United Arab Emirates
Services
Website alnowais.com

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]

Contents

History

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]

Awards

References

  1. ↑ "Ministry, Al Nowais Investments Discuss on Progress of Aysha Wind Plant". ENA English. Retrieved 2024-05-10.
  2. ↑ "Alnowais Investments LLC". Bloomberg. Retrieved 2024-05-10.
  3. ↑ Harutyunyan, Aneta, ed. (16 January 2019). "Armenian President meets with ALNOWAIS Investments Chairman in Abu Dhabi". armenpress.am. Retrieved 2024-05-10.
  4. ↑ Abbas, Waheed. "Revealed: The UAE's most powerful business families". Khaleej Times. Retrieved 2024-05-10.
  5. 1 2 3 Lasrado, Jason (2022-09-09). "Exclusive: Hussain Al Nowais, Chairman Of AlNowais Investments, Is Eyeing Growth Of His Family Business By Focusing On Africa And Green Energy". Forbes ME. Retrieved 2024-05-10.
  6. 1 2 Mughal, Waqar. "AlNowais Investments - Top 100 Arab Family Businesses in the Middle East 2021". Forbes Lists. Retrieved 2024-05-10.
  7. ↑ "The Recent Accomplishments of AlNowais Investments – Journalism Online". 2023-11-20. Retrieved 2024-05-10.
  8. ↑ للأخبار, مركز الاتحاد (2014-10-01). "«النويس للاستثمار» توقع مذكرة تفاهم لبناء محطة كهرباء مصرية". مركز الاتحاد للأخبار (in Arabic). Retrieved 2024-05-10.
  9. ↑ "«النويس » توقع مذكرة تفاهم لتنفيذ محطة كهرباء في جنوب سيناء". www.albayan.ae (in Arabic). 2014-09-30. Retrieved 2024-05-10.
  10. ↑ ""النويس للاستثمار" تمول وتنفذ محطة توليد كهرباء في مصر". صحيفة الخليج (in Arabic). Retrieved 2024-05-10.
  11. ↑ Carvalho, Stanley (2014-09-30). "UAE firm signs deal to build Egypt's first coal-fired power plant". Reuters. Archived from the original on 2017-11-01. Retrieved 2024-05-11.
  12. ↑ "UAE'S AlNowais invests $1bn in Egyptian solar and wind projects". Arab News. 2021-12-21. Retrieved 2024-05-10.
  13. ↑ Mughal, Waqar. "AlNowais Investments - Top 100 Arab Family Businesses 2024". Forbes Lists. Retrieved 2024-05-10.
  14. ↑ Mughal, Waqar. "AlNowais Investments - Top 100 Arab Family Businesses 2023". Forbes Lists. Retrieved 2024-05-10.
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