Al Nowais Investments Explained
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[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.
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
Notes and References
- Web site: Ministry, Al Nowais Investments Discuss on Progress of Aysha Wind Plant . 2024-05-10 . ENA English . en-US.
- Web site: Alnowais Investments LLC . 2024-05-10 . Bloomberg.
- Web site: Harutyunyan . Aneta . Armenian President meets with ALNOWAIS Investments Chairman in Abu Dhabi . 2024-05-10 . armenpress.am . en.
- Web site: Abbas . Waheed . Revealed: The UAE's most powerful business families . 2024-05-10 . Khaleej Times . en.
- Web site: 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 . 2024-05-10 . Forbes ME . en-US.
- Web site: Mughal . Waqar . AlNowais Investments - Top 100 Arab Family Businesses in the Middle East 2021 . 2024-05-10 . Forbes Lists . en-US.
- Web site: 2023-11-20 . The Recent Accomplishments of AlNowais Investments – Journalism Online . 2024-05-10 . en-US.
- Web site: للأخبار . مركز الاتحاد . 2014-10-01 . «النويس للاستثمار» توقع مذكرة تفاهم لبناء محطة كهرباء مصرية . 2024-05-10 . مركز الاتحاد للأخبار . ar-AR.
- Web site: 2014-09-30 . «النويس » توقع مذكرة تفاهم لتنفيذ محطة كهرباء في جنوب سيناء . 2024-05-10 . www.albayan.ae . ar.
- Web site: "النويس للاستثمار" تمول وتنفذ محطة توليد كهرباء في مصر . 2024-05-10 . صحيفة الخليج . ar.
- Web site: Carvalho . Stanley . 2014-09-30 . UAE firm signs deal to build Egypt's first coal-fired power plant . https://web.archive.org/web/20171101085001/http://af.reuters.com/article/commoditiesNews/idAFL6N0RV3FI20140930 . 2017-11-01 . 2024-05-11 . Reuters.
- Web site: 2021-12-21 . UAE'S AlNowais invests $1bn in Egyptian solar and wind projects . 2024-05-10 . Arab News . en.
- Web site: Mughal . Waqar . AlNowais Investments - Top 100 Arab Family Businesses 2024 . 2024-05-10 . Forbes Lists . en-US.
- Web site: Mughal . Waqar . AlNowais Investments - Top 100 Arab Family Businesses 2023 . 2024-05-10 . Forbes Lists . en-US.