With 2022 well underway, at Yas Holding, we are quite excited by the goals stipulated for the leadership team and the pursuant action. We are well positioned to undertake the challenges and stay in the growth mode, as the world continues to grapple with the implications of the pandemic.
The UAE has demonstrably proven its credibility in managing the crisis and at the same time creating several opportunities for businesses to flourish and thrive. At Yas Holding, we continue our mission to support the UAE’s success as we seek to develop sustainable, diversified, and high value-add businesses within key economic sectors.
During the past year, Yas Holding has reinforced its position as an agile investment company in key sectors of national and regional importance, including food and agriculture, aviation, education, healthcare and technology. Our investments and acquisitions are intended to complement and create synergies with our existing business platforms and ensure their sustainability.
Now more than ever, we recognise technology’s pivotal role, particularly across vital sectors such as food and agriculture, education, and healthcare. We have also increased our focus on sustainable food that our customers can trust, alongside remote learning technologies that deliver a seamless learning experience and healthcare value chains that foster a customer centric ecosystem.
Today, our company Elite Agro continues the production and distribution of locally and internationally grown fresh produce. For instance, we are set to double our blueberry production capacity in the UAE in time for the 2023 season. Moreover, Kantar Worldpanel has recently recognised our food subsidiary, Marmum Dairy, for achieving the highest growth in consumer choice among Dairy and FMCG brands in the UAE. We are proud of our state-of-the-art farm that is home to advanced innovative cow care technology and dairy processing techniques.
Reflecting our confidence in digital transformation, our education division, Nebras Education Holding (NEH), responded admirably to the ever-changing needs of the education sector. Akadimi, a unique digital reading library platform that has served more than 186,000 students in the 2020 – 2021 academic year, has been one of many of our edu-tech innovations that are now leading the way in this space. More recently, we launched LearningSpace at GESS that enables personalised lifelong learning journeys and leads the transformation of the education sector through technology in the UAE and beyond.
Our confidence in the prospects of the healthcare industry resulted in a substantial investment program over the last two years. Our healthcare division, GlobalOne Healthcare (GHH), acquired WellPharma Medical Solutions, Gulf Inject, Geltec Healthcare, a soft gelatin capsules manufacturer and Al Ittihad Drug Store (IDS), a leading pharma distribution company. More recently, we expanded our strategic holding in Iceland’s biopharma company Alvotech. These investments have added significant strength to our platform and place GHH among the top players in the industry.
On the technology front, this year we aim to consolidate all our operations and assets and deploy a unified strategy that will take us to new business heights in the coming years.
Yas Holding aims to accelerate growth through further acquisitions and investments in our existing operations. We will achieve this by continuing to be agile, innovative and progressive in all that we do. Hard work and resilience, combined with a structured approach, are at the core of our success.
Overall, we expect continued momentum this year as business and the economy recovers.