Al Ghurair Investment

Al Ghurair
Diversified Conglomerate
Industry Foods, Resources, Properties, Construction, Energy, Retail, Education, International Exchange, Printing and Publishing
Founded 1960
Headquarters Dubai, UAE - Al Ghurair Investment Group, PO Box #6999 Deira, Dubai, UAE (Head office / Registered office)
Key people
 Abdul Aziz Al Ghurair, Chairman
Number of employees
 ~25,000 (approximately on or before Jan 2006)
Website http://al-ghurair.com/

Al Ghurair (Arabic:الغرير), also known as Al Ghurair Investment LLC,[1], was established in 1960. Al Ghurair is one of the largest diversified industrial conglomerates in the Middle East, with six key business units: Foods, Resources, Properties, Construction, Energy and Ventures covering Printing & Publishing, International Exchange, Retail and Education. The enterprise sees itself as a legacy of innovative operations built on excellence, trust and responsibility. Al Ghurair, put quite simply, is mainly in the business of feeding and housing people – meeting vital human needs. Its reach may have a global impact, but its roots are steeped in time-honoured family values that date back half a century. In many ways, the Al Ghurair story and the history of the United Arab Emirates have been one narrative.[2]

Foods

Al Ghurair Foods was established in 1976 through the creation of National Flour Mills.[3] The entity focuses on a diversified portfolio of food products. In 2011 Al Ghurair Foods had a market presence in 20 countries over 4 continents.[4] Jenan is Al Ghurair Foods' principal brand offering products that include flour, pasta, edible oils, animal nutrition, fibers & livestock feeds, mono-gastric feeds and premixes.[5] In 2010 plans were announced to open a new factory in Jebel Ali, Dubai to explore export opportunities primarily in Indonesia and Japan.[6] In 2011 Al Ghurair earned the "Best Health Education Initiative" at the Gulfood Awards.[7]

Agricultural raw material (resources)

Al Ghurair Resources provides manufacturers and traders in the Food and Biofuel industries with their agricultural raw material requirement such as:

Construction

Al Ghurair Construction was founded in the 60's and focuses on aluminium, foundations, masonry and readymix. Projects associated with this entity include Burj Khalifa,[9] Fairmont Hotel, Emirates Towers,[10] BurJuman, Dubai Metro, Etisalat, Kempinski Hotel and Dubai Roads and Transport Authority.[11]

Properties

Al Ghurair Properties focuses on mixed use, commercial, hospitality and residential real estate projects. Al Ghurair Centre, a development consisting of shopping, residential and commercial markets is a project associated with the group. The commercial properties division focuses on offices, warehouse and factory facilities. Retail Initiative develops and manages retail properties and the hospitality portfolio, including both hotel and apartment properties.[12]

Energy

Al Ghurair’s Energy initiative is a partnership between TRASTA Energy and Libyan National Oil Corp (LNOC).[13] Al Ghurair reportedly has a share ownership of 220,000 bpd and the initiative has been operating at the Ras Lanuff Refinery since January 2008 under the name Libyan Emirates Oil Refining Co. (LERCO).[14] The focus is on refined products of kerosene, naphtha, gas oil and fuel oil.[15] It is reported that plans are in place to further build another refinery in the region along with the full establishment of a marketing and trading entity, though this is yet to be confirmed.

Printing & Publishing

Al Ghurair Printing & Publishing was established in 1978 and focuses on printing and publishing projects.[16] The services include designing, prepress, production, binding & finishing, Quality control and logistics.

Retail

Al Ghurair Retail LLC operates 60 stores in 3 countries for the brands Springfield, Triumph International and THEFACESHOP. The retail distribution and warehousing facility is located in Dubai.[17]

Education

Dar Al Marefa and Al Ghurair University are educational institutions associated with the group.[18] Dar Al Marefa is a school based in Dubai. The school provides a bilingual curriculum with the syllabi covering social, physical and academic development.[19] Al Ghurair University (AGU), based in Dubai, is a private higher educational institution that focuses on accredited bachelor degree programmes for students.[20]

Charity and Initiatives

In 2011 Al Ghurair supported UNICEF's relief efforts in Somalia by providing financial assistance and food donations.[21]

References

  1. ↑ "Al Ghurair Investment LLC" dubai city guide, December 16, 2006.
  2. ↑ "Al Ghurair realigns core business units with eye on the future," AME Info, December 17, 2011.
  3. ↑ "UAE Business Review", December 17, 2011.
  4. ↑ "Al Ghurair Foods eyes Mideast and Asia expansion", Alrroya, February 23, 2010.
  5. ↑ " Al Ghurair Foods highlights Jenan food products on World Food Day", AME Info, October 17, 2010.
  6. ↑ " New factory for Al Ghurair Foods", The National, February 23, 2010.
  7. ↑ " Al Ghurair Foods earns 'Best Health Education Initiative' accolade at Gulfood Awards 2011", Zawya, February 28, 2011.
  8. ↑ " Brian Barriskill", SIAL, October 17, 2010
  9. ↑ "Burj Dubai's exterior is now complete", Burj khalifa New & Media, October 1, 2009.
  10. ↑ " Emirates Financial Towers glass works on schedule", emirates247, November 09, 2008
  11. ↑ " RTA Kicks Off a Campaign to Enlighten Metro Workers to Beat Summer Heat", emirates247, June 24, 2009
  12. ↑ "Al Ghurair Centre"
  13. ↑ "TRASTA Energy Limited"
  14. ↑ "Dubai’s Al-Ghurair to Upgrade Libyan Oil Refinery", Bloomberg, March 10, 2009.
  15. ↑ " The biggest 25 refineries in the Middle East", arabian oil and gas, Oct 13, 2011.
  16. ↑ " ME Printer | Middle East print Communication Magazine", June 25, 2005.
  17. ↑ " Al Ghurair Retail Distribution Management", www.alghurair.com.
  18. ↑ "Dar al Marefa"
  19. ↑ "Dar al Marefa, School"
  20. ↑ "Al Ghurair University"
  21. ↑ "Al Ghurair supports UNICEF's relief efforts in Somalia"
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