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Al Nowais Investments

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Private investment company
Al Nowais Investments
Company typePrivate
Founded1979; 46 years ago (1979)
FounderHussain Al Nowais
HeadquartersAbu Dhabi, United Arab Emirates
Services
Websitealnowais.com

Al Nowais Investments is a UAE-based investment holding company that owns and controls various subsidiary companies. It operates in the field of energy, infrastructure, healthcare, hospitality and real estate, FMCG, and technologies. Among its biggest subsidiaries are the Danway Group, Emircom, Pharmatrade, and Rotana.

History

Founded in 1979 by Hussain Al Nowais, the company has evolved from a local business to a regional conglomerate in multiple markets.

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.

In 2021, Al Nowais invested $1 billion in two renewable energy plants in Egypt. 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
  • Ranked #50 in the Top 100 Arab Family Businesses 2023 by Forbes Middle East
  • Ranked #55 in the Top 100 Arab Family Businesses in the Middle East in 2021

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. ^ 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. ^ 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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