
EHC Investment acquires Al Fanar Gas Group
EHC Investment, through its energy arm Emirates International Gas (EIG), has announced the full acquisition of Al Fanar Gas Group, Abu Dhabi's largest gas distributor and maintenance provider and one of the most prominent gas service companies across the UAE.
This strategic acquisition reinforces EHC's long-term vision for growth, agility, and technological advancement, while strengthening its role in shaping the UAE's evolving energy landscape. It also aligns with EHC's strategic priorities and supports the broader objectives of the UAE Energy Strategy, particularly in advancing infrastructure modernization and enhancing operational efficiency in the gas sector.
Recognizing Al Fanar Gas Group's strong market position and growth potential, the acquisition enables EIG to combine decades of technical expertise, nationwide operational infrastructure, and deep market knowledge. This will streamline processes, expand service capabilities, and position EIG to deliver more innovative, efficient, and sustainable gas solutions across the region.
In this occasion, Ali Al Gebely, Managing Director and Board Member of EHC Investment, said: 'This milestone reflects our continued commitment to investing in resilient sectors that offer long-term value and strategic relevance. As we expand our energy portfolio, we are guided by a clear vision that focuses on sustainable growth, national priorities, and competitive market fundamentals.'
Moustafa Rashad, Chief Executive Officer of EHC Investment, stated: 'This acquisition is more than an expansion of our portfolio; it reflects our vision to play a pivotal role in shaping the future of the UAE's energy landscape. By bringing together the strengths of Al Fanar Gas Group and EIG, we are laying the foundation for a more integrated, resilient, and innovative energy network that supports economic growth and long-term sustainability. We focus on delivering lasting value to our communities and setting new benchmarks for excellence across the energy sector.'
Khaled Ben Said, Group Chief Executive Officer of Al Fanar Gas Group, said: 'For over 30 years, Al Fanar Gas Group has been proud to serve as a trusted partner in the UAE's energy sector. This acquisition will allow us to strengthen that commitment while unlocking new avenues for growth and innovation. Together, we can utilize our combined capabilities to expand our reach and to pioneer next-generation solutions that meet the dynamic demands of our clients and contribute to the nation's energy ambitions."

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


Trade Arabia
28-05-2025
- Trade Arabia
Al Fanar Gas Group, Siemens Energy to collaborate on clean energy
Al Fanar Gas Group, one of the UAE's leading gas and energy solutions providers, and the energy arm of EHC Investment, has signed a strategic memorandum of understanding (MoU) with Siemens Energy, a global energy technology leader, to jointly advance decarbonisation and clean energy innovation across the UAE. The agreement, signed on the sidelines of the World Utilities Congress 2025 in Abu Dhabi, supports the UAE Net Zero 2050 Strategy. The two companies will co-develop clean energy solutions that integrate advanced digital technologies into energy and industrial infrastructure, with a focus on areas such as hydrogen and Power-to-X, flare gas management, and port and vessel electrification. These efforts will be backed by rigorous feasibility studies to identify scalable solutions that can be seamlessly integrated into existing energy networks. The collaboration will also leverage Siemens Energy's global expertise in digitalisation to introduce intelligent systems that optimise energy consumption, monitor emissions, and streamline operations - accelerating the energy transition in a practical and measurable way. Khaled Ben Said, CEO of Al Fanar Gas Group, commented: 'This partnership is not just about technology - it's about responsibility. As a UAE company, we see it as our duty to help shape an energy future that reflects the values and ambitions of our leadership. Working with Siemens Energy allows us to pair local insight with global innovation to address the region's most pressing energy challenges. This MoU is a commitment to actionable progress - not in the distant future but starting now.' Khalid Bin Hadi, Managing Director for the UAE, Siemens Energy, said: 'The MoU reflects our commitment to working with regional partners to explore practical pathways towards decarbonization. We look forward to collaborating with Al Fanar Gas Group to identify solutions that are both scalable and aligned with the UAE's long-term sustainability objectives.' -


Trade Arabia
27-03-2025
- Trade Arabia
EHC Investment acquires Al Fanar Gas Group
EHC Investment, through its energy arm Emirates International Gas (EIG), has announced the full acquisition of Al Fanar Gas Group, Abu Dhabi's largest gas distributor and maintenance provider and one of the most prominent gas service companies across the UAE. This strategic acquisition reinforces EHC's long-term vision for growth, agility, and technological advancement, while strengthening its role in shaping the UAE's evolving energy landscape. It also aligns with EHC's strategic priorities and supports the broader objectives of the UAE Energy Strategy, particularly in advancing infrastructure modernization and enhancing operational efficiency in the gas sector. Recognizing Al Fanar Gas Group's strong market position and growth potential, the acquisition enables EIG to combine decades of technical expertise, nationwide operational infrastructure, and deep market knowledge. This will streamline processes, expand service capabilities, and position EIG to deliver more innovative, efficient, and sustainable gas solutions across the region. In this occasion, Ali Al Gebely, Managing Director and Board Member of EHC Investment, said: 'This milestone reflects our continued commitment to investing in resilient sectors that offer long-term value and strategic relevance. As we expand our energy portfolio, we are guided by a clear vision that focuses on sustainable growth, national priorities, and competitive market fundamentals.' Moustafa Rashad, Chief Executive Officer of EHC Investment, stated: 'This acquisition is more than an expansion of our portfolio; it reflects our vision to play a pivotal role in shaping the future of the UAE's energy landscape. By bringing together the strengths of Al Fanar Gas Group and EIG, we are laying the foundation for a more integrated, resilient, and innovative energy network that supports economic growth and long-term sustainability. We focus on delivering lasting value to our communities and setting new benchmarks for excellence across the energy sector.' Khaled Ben Said, Group Chief Executive Officer of Al Fanar Gas Group, said: 'For over 30 years, Al Fanar Gas Group has been proud to serve as a trusted partner in the UAE's energy sector. This acquisition will allow us to strengthen that commitment while unlocking new avenues for growth and innovation. Together, we can utilize our combined capabilities to expand our reach and to pioneer next-generation solutions that meet the dynamic demands of our clients and contribute to the nation's energy ambitions."


Trade Arabia
18-12-2024
- Trade Arabia
Construction begins on $540m Laguna Residence in Dubai
ONE Development has announced the start of construction of the AED2 billion ($540 million) Laguna Residence, its flagship project, with ground being broken just 55 days after the launch. During a commencement ceremony in Dubai's City of Arabia attended by lead consultants, AE7; Project Management Consultants, Mirage Leisure and Development; sub-contractor, Rabat Foundation, and Salama Structural Engineers, structural third-party reviewer, emphasised the project's significant potential and its impact on the future of urban living in Dubai and the region. Scheduled for completion and delivery in Q4 2027, Laguna Residence will be the region's first fully AI-integrated residential community, redefining modern living with innovative, thoughtfully designed spaces that integrate technology and sustainability, all while prioritising the comfort and needs of residents. The development will feature iconic twin towers connected by the region's largest podium-level lagoon, surrounded by lush landscapes. By delivering the project on an accelerated timeline, ONE Development demonstrates its commitment to excellence without compromising on quality, solidifying its reputation as a dynamic and trusted leader in the UAE's competitive real estate sector. Dedication to expedience Ali Al Gebely, Founder & Chairman of ONE Development, said: 'We are here today celebrating breaking ground on this landmark project only 55 days after its launch. This dedication to expedience solidifies our commitments, not just to excellence in construction and design standards, but also to the community at large. By integrating AI technology as a core value, we are creating a living environment that enhances daily life, offering unparalleled convenience and comfort. 'As we bring this vision to life, we are not only shaping a project but fostering a community that thrives in a space designed for modern living; one that supports the UAE's ambition to lead as a global hub for innovation, sustainability, and quality of life.' Laguna Residence will offer over 40 world-class amenities designed to promote wellness, cultivate a sense of community and social engagement and provide a diverse range of entertainment options. Units will cater for a variety of lifestyles with a broad range of desirable dwellings, from contemporary studios to sophisticated Skyhomes, all carefully designed to meet the aspirations of discerning residents and investors alike.-- TradeArabia News Service