Al Nowais Investments
Private investment company
From Wikipedia, the free encyclopedia
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 Hotels.[5]
 | |
| Company type | Private |
|---|---|
| Founded | 1979 |
| Founder | Hussain Al Nowais |
| Headquarters | Abu Dhabi, United Arab Emirates |
| Services | |
| Website | alnowais |
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]