Diversified business group forms successful ventures and sustains growth

As the second-largest economy in the Arab world, the UAE is the international crossroads for companies entering a region of 2 billion inhabitants in Africa, the Middle East, Central Asia and the Indian subcontinent. With globally competitive urban, legal and commercial infrastructures in place, the UAE is ripe for investments. Providing opportunities for industry gurus and businesses to come together and form viable and sustainable ventures in the country, The Khalifa Juma Al Nabooda Group supports the UAE's vision of economic growth and diversification.

Having established more than 20 companies that span 14 industries since its inception in 1963, the conglomerate attributes its success to the partnership philosophy of its chairman, Khalifa Juma Al Nabooda. Inviting leading-edge organisations from the four corners of the world to bring in their technological knowledge and industry expertise, the group complements its partners' contributions with its understanding of the local environment.

Providing a "fair deal" to all stakeholders is key to the company's successful business and long-lasting partnerships. Since the group covers 14 different industries, it provides every new partnership faster access to market and better opportunities for cross-industry and competitive business transactions. It also offers a larger space for human capital mobility and career paths. The group also anticipates and mitigates risks to sustain its growth. It is focused on strengthening its subsidiaries, regardless of its ownership stake, to benefit not just the bigger group, but the market it serves.

With economic activity between the UAE and China growing at more than 14 per cent annually, opportunities for collaboration and investment across sectors, such as energy, agriculture, manufacturing and technology, are expected to rise.

"The UAE is a growing country. It requires every hand and mind to succeed in each industry," Al Nabooda says. "Our group can operate across many sectors and segments. Companies interested in sailing in the middle of the stream, where the flow is fast, can partner with us and catch the tide."