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]
 | |
| Company type | Private |
|---|---|
| Founded | 1979 |
| Founder | Hussain Al Nowais |
| Headquarters | Abu Dhabi, United Arab Emirates |
| Services | |
| Website | alnowais |
History
editFounded 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
edit- 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
edit- ^ "Ministry, Al Nowais Investments Discuss on Progress of Aysha Wind Plant". ENA English. Retrieved 2024-05-10.
- ^ "Alnowais Investments LLC". Bloomberg. Retrieved 2024-05-10.
- ^ Harutyunyan, Aneta (ed.). "Armenian President meets with ALNOWAIS Investments Chairman in Abu Dhabi". armenpress.am. Retrieved 2024-05-10.
- ^ Abbas, Waheed. "Revealed: The UAE's most powerful business families". Khaleej Times. Retrieved 2024-05-10.
- ^ a b c 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.
- ^ a b Mughal, Waqar. "AlNowais Investments - Top 100 Arab Family Businesses in the Middle East 2021". Forbes Lists. Retrieved 2024-05-10.
- ^ "The Recent Accomplishments of AlNowais Investments – Journalism Online". 2023-11-20. Retrieved 2024-05-10.
- ^ للأخبار, مركز الاتحاد (2014-10-01). "«النويس للاستثمار» توقع مذكرة تفاهم لبناء محطة كهرباء مصرية". مركز الاتحاد للأخبار (in Arabic). Retrieved 2024-05-10.
- ^ "«النويس » توقع مذكرة تفاهم لتنفيذ محطة كهرباء في جنوب سيناء". www.albayan.ae (in Arabic). 2014-09-30. Retrieved 2024-05-10.
- ^ ""النويس للاستثمار" تمول وتنفذ محطة توليد كهرباء في مصر". صحيفة الخليج (in Arabic). Retrieved 2024-05-10.
- ^ 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.
- ^ "UAE'S AlNowais invests $1bn in Egyptian solar and wind projects". Arab News. 2021-12-21. Retrieved 2024-05-10.
- ^ Mughal, Waqar. "AlNowais Investments - Top 100 Arab Family Businesses 2024". Forbes Lists. Retrieved 2024-05-10.
- ^ Mughal, Waqar. "AlNowais Investments - Top 100 Arab Family Businesses 2023". Forbes Lists. Retrieved 2024-05-10.