Ethmar International Holding of Abu Dhabi acquires a stake in Gewan Holding

Abu Dhabi-based Ethmar International Holding announced that it has acquired a strategic stake in Gewan Holding, a diversified holding company operating in various sectors, including real estate, general trading, hotels, travel and tourism, restaurant management and agro-technology.

“This partnership will provide us with opportunities to invest in new sectors, resulting in joint projects that will help provide new employment opportunities in vital sectors, thereby positively impacting the growth of the UAE economy,” said Ali El Gebely, Group Managing Director and CEO. of EIH. “Through this partnership, we aspire to launch strategically significant projects and expand the scope of our investments.”

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“Gewan has an impressive track record of achievements and successful operations in various vital sectors in Abu Dhabi and the UAE, paving the way for further expansion through the acquisition of EIH,” said Alaa Al Ali, Group CEO of Gewan Holding. “Gewan is recognised as one of the leading companies in the vital and productive sectors, having completed many successful projects over the years.”