In 1998, International Holding Company (IHC) was established with a visionary goal: to contribute to the diversification and development of the non-oil commercial sectors in the United Arab Emirates (U.A.E.). Over the years, IHC has emerged as a key player in the global business landscape, with investments spanning diverse sectors such as real estate, construction, agriculture, healthcare, food and beverage, and energy. As of the end of 2022, the company boasted an impressive portfolio of 482 subsidiaries and a workforce of over 85,000 individuals operating in more than 20 countries.
Diversification Initiatives
The U.A.E., historically reliant on oil revenues, recognized the importance of diversifying its economy to ensure long-term sustainability. IHC has played a pivotal role in this diversification journey, strategically investing in sectors that contribute to the overall economic growth of the country. Real estate and construction projects have been a significant focus, driving infrastructural development and creating employment opportunities.
Agriculture and Food and Beverage Ventures
IHC’s commitment to diversification extends to the agricultural sector, where it has invested in innovative projects to enhance food security in the region. The company’s engagements in the food and beverage industry have not only bolstered the U.A.E.’s self-sufficiency but have also positioned IHC as a key contributor to the global food supply chain.
Healthcare and Energy Investments
Recognizing the importance of a robust healthcare system, IHC has invested significantly in the healthcare sector, fostering the development of state-of-the-art medical facilities and supporting research initiatives. Additionally, the company has ventured into the energy sector, exploring sustainable and renewable energy sources to align with global efforts toward a greener future.
Global Presence and Workforce
By the close of 2022, IHC had expanded its footprint across more than 20 countries, solidifying its status as a global conglomerate. The company’s international ventures have not only contributed to the U.A.E.’s economic diplomacy but have also facilitated the exchange of knowledge and expertise on a global scale. With a workforce exceeding 85,000 individuals, IHC’s commitment to human capital development is evident, driving economic empowerment and fostering a culture of innovation.
Strategic Investment in Adani Enterprises
In a landmark move in January 2023, IHC made headlines with its announcement of a $400 million investment into the Adani Enterprises Further Public Offering. This strategic move was executed through its subsidiary, Green Transmission Investment Holding RSC Limited. The investment reflects IHC’s forward-looking approach, tapping into opportunities beyond its traditional sectors and diversifying its portfolio in the dynamic global market.
International Holding Company’s journey from its inception in 1998 to its current status as a global powerhouse highlights the success of its diversification initiatives and strategic investments. The company’s commitment to fostering economic growth, both domestically and internationally, positions it as a key player in shaping the future of the U.A.E.’s non-oil commercial sectors. As IHC continues to evolve and embrace new opportunities, its story serves as a testament to the importance of adaptability and innovation in the ever-changing global business landscape.
Kaitlin Welch manages to cover anything. She is our freelance contributor. Kristie is responsible for covering reporting in finance and business News categories. Kaitlin has experience of 5 years as a reporter to News insights. Kaitlin writes related to the News Category.
