THE MIDDLE EAST’S

48. AlNowais Investments

Chairman: Hussain AlNowais
Established: 1979
Country: UAE

AlNowais Investments operates across oil and gas, healthcare, energy, engineering and construction, real estate and hospitality, communication systems, technology, electromechanical and chemical industries, and large-scale infrastructure projects, among others. In December 2025, its subsidiary AMEA Power partnered with Kyuden International Corporation of Japan, the International Finance Corporation (IFC), and other partners to develop a $700 million solar PV and battery energy storage project in Egypt. In March 2026, AMEA Power also obtained up to $1.48 billion in World Bank MIGA guarantees to back 23 regional clean energy projects.