Abu Dhabi’s Ethmar International Holding acquires stake in Gewan Holding

Dubai: Abu Dhabi-based Ethmar International Holding said it has acquired strategic stake in Gewan Holding, a diversified Holding company operating in various sectors, including real estate, general trading, hospitality, travel and tourism, restaurant’s management, and agri-tech.

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

“Gewan boasts 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 EIH’s acquisition,” said Alaa Al Ali, Group CEO of Gewan Holding. “Gewan is recognized as one of the leading companies in vital and productive sectors, having achieved numerous successful projects over the years.”