UAE: EIH Ethmar International Holding acquires stake in Nirvana Holding

UAE: EIH Ethmar International Holding acquires stake in Nirvana Holding

ABU DHABI - EIH Ethmar International Holding and Nirvana Holding have announced a strategic acquisition deal, through which EIH acquired a stake in Nirvana Holding. 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, 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. Ali El Gebely, Managing Director and Group CEO of EIH, 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 economy, and creating job opportunities for Emirati youth, thus supporting Emiratisation in the UAE." "We affirm our commitment to play an essential role in providing a leading investment environment across multiple sectors, benefiting from Nirvana’s extensive and valuable experience within the tourism sector. Through this partnership,