NY Koen Group

Overview

NY Koen Group is a Dubai-based multinational holding company founded in 2006 by Naum Koen. The company operates across various sectors, including diamonds, private aviation, digital technologies, tourism, construction, and security. Its executive offices are located on board the Queen Elizabeth 2, and it has operational offices in Ukraine. The group has been involved in several notable ventures, such as presenting the world's first amber stone mosque at the Burj Al Arab hotel in Dubai in 2017. In 2020, its subsidiary GEMGOW attracted a 25% investment from HBK Holding, owned by Sheikh Hamad bin Khalifa Al Nahyan. Additionally, NY Koen Group expressed interest in acquiring Israir Airlines, Israel's third-largest airline, in October 2020. The company has also partnered with KIKLABB to establish a center for the Jewish community in Dubai, providing support and resources for business, tourism, and travel, along with strategic advisory to Israeli investors wishing to launch in the UAE. Furthermore, NY Koen Group collaborated with Geap International to distribute kosher food and beverages in the UAE and surrounding Gulf countries, capitalizing on the normalization of diplomatic relations between the UAE and Israel. These initiatives highlight the group's strategic approach to expanding its presence and influence in various markets, leveraging its diverse portfolio and international partnerships to drive growth and innovation across multiple industries.

Investment Focus

• Active involvement in diverse sectors including diamonds, private aviation, digital technologies, tourism, construction, and security
• Strategic partnerships and acquisitions to expand market presence
• Leveraging international relations to facilitate business development

Portfolio Companies