EIH Ethmar International acquires major stake in Nirvana

EIH Ethmar International acquires major stake in Nirvana

EIH Ethmar International Holding, a leading holding company based in Abu Dhabi, has announced a strategic acquisition deal with Nirvana Holding, an expert in the fields of travel, tourism, and hospitality. This acquisition aims to strengthen Abu Dhabi's position as a leading tourist destination and promote tourism investment and activities in the UAE capital by implementing and activating projects and operational plans that can contribute significantly to the tourism landscape. It is in line with the vision of the wise leadership to boost and develop the tourism sector in Abu Dhabi and Abu Dhabi Economic Vision 2030. EIH has a successful track record, characterized by remarkable growth, diversity and profitability. It has cultivated a diversified, innovative, and sustainable investment portfolio, comprising over 30 successful companies across various sectors, including real estate, energy, technology, investment, healthcare and hospitality. Managing Director and Group CEO Ali El Gebely said: "We are delighted to announce the acquisition of a strategic stake in Nirvana, as it represents an important and fundamental step in enhancing Abu Dhabi's tourism sector and endorsing EIH’s future plans." "Our strategic partnership with Nirvana will result in numerous projects within the tourism sector, further contributing to the growth of the national