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Al Nowais Investments

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Al Nowais Investments
GenrePrivate
Founded1979
FounderHussain Al Nowais
HeadquartersAbu Dhabi, United Arab Emirates
Services
Websitealnowais.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]

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

  • Ranked #40 in the Top 100 Arab Family Businesses 2024 by Forbes Middle East[13]
  • 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

  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.). "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. ^ 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.
  6. ^ a b 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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