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CEO's Message
The history of Kuwait's overseas investments goes back to the early 1950s when the country began investing in various sectors in the developed economies across North America, Europe, and Asia. By the late 1980s, Kuwait was earning more from overseas investments than it was from the direct sale of oil.
Kuwait has always been a firm believer in the potential of North African economies which have recently been attracting growing interest from major investment groups worldwide.
North African economies, although still emerging; are starting to play a significant economic role to the neighboring countries including the GCC. With major trade liberalization efforts, structural reforms, and an average GDP per capita twice that of the developing world as a whole, the region is positioned well above any of the other emerging economies including Latin America.
North Africa Holding (NorAH) was established to capitalize on the rapidly changing and evolving North African marketplaces. Our aim is to effectively contribute to the sustainable development of these emerging economies, and to invest in the significant opportunities arising regionally by building partnerships with local companies which have the potential to deliver real value to our investors.
Our sphere of focus spans across Morocco, Algeria, Tunisia, Libya, and Egypt; countries which have registered impressive GDP growth rates in recent years and together account for two-thirds of the MENA population. Moreover, these economies offer a significant untapped potential for abundant investment opportunities. In the coming years, we intend to build a portfolio of investments across growth industries with a potential to deliver superior returns.
The foundation of NorAH's philosophy is based on genuine partnerships with North African companies with superior management teams, supporting them in achieving their full potential and enabling them to grow into regionally and globally competitive premier businesses.
Local expertise and understanding of the North African economies are evidently at the core of our business. Moreover, being deeply rooted in the region enables us to play an effective role as agents of economic development.
Our solid track record and proprietary networks through our outstanding senior management team, and our strong relationships with our shareholders, including the prestigious Kuwait based holding group KIPCO, position us well to unlock the potential and create value within North African economies.
Our investment team shares common values and adheres to the highest ethical standards. Most importantly, our growing North African presence is built upon a philosophy that embraces the cultures of the region in which we operate.