Oil has dominated the U.A.E. economy since its discovery, and as a result of its revenues, the U.A.E. has been able, under the leadership of the Late Sheikh Zayed Bin Sultan Al-Nahayan, to embark on a development programme almost unrivalled in the history of mankind.
The lack of local industries, services and skills in the early days of the U.A.E. development have meant that almost everything, be it goods, materials, services, human resources, etc. required to maintain an efficient petroleum industry, must be brought from abroad. It is against this background that AL NASSER HOLDINGS (ANH) was incorporated in 1977. ANH was the brain-child of Abdulla Nasser Huwaileel who foresaw the need for a soundly based local holding company to serve as a vehicle to develop new schemes and to handle all his diversified investments and interests at home and abroad. ANH was therefore established to participate in the local development program and also to take advantage of the associated business opportunities.More