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Al Nowais Investments
Private investment company From Wikipedia, the free encyclopedia
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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]
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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]
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Awards
- Ranked #50 in the Top 100 Arab Family Businesses 2023 by Forbes Middle East[14]
- Ranked #55 in the Top 100 Arab Family Businesses in the Middle East in 2021[6]
References
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