Industry: Construction & Industry
Company: Kanoo Group
Wealth: 6.1 Billion
The Kanoo Group is one of the largest independent family owned holding companies in the Gulf region. Established in Bahrain in 1890 by Haji Yusuf Bin Ahmed Kanoo, it has grown from its early trading and shipping business to become one of the most diversified and highly regarded business houses in the Gulf region and beyond.
The group expanded rapidly during the 70's oil boom and now has business activities across the world's most dynamic industries from shipping, travel, holidays, machinery, oil and gas, power and industrial projects to exhibition services, courier services, logistics, specialty chemicals and business centres and other retail and commercial activities.
In addition, The Kanoo Group has formed joint ventures with world class companies in the service and industrial sectors such as Norwich Union Insurance, Maersk, BASF, Johnson Arabia, Freightworks, British Standards Institution, Infineum (Exxon/Shell), Halliburton, Akzo Nobel, Thales, and Amec Plc. Its Joint Ventures Division, established over 25 years ago, has seventeen joint venture companies under its wing today.