Since 2025

About Novaco

The Executive Arm of Ahdaf Holding's Innovation Ecosystem

Novaco has been established as the specialized, strategic, and executive arm of the Ahdaf Investment Company—focusing on innovation, technology, research and development (R&D), futures studies, and the advancement of knowledge-based businesses—with the mission of creating and steering an innovation ecosystem across the Ahdaf Group. Acting as a vital link between the operational requirements of subsidiary companies, the nation’s scientific and technological capabilities, and emerging investment opportunities, Novaco is responsible for guiding the transformation of industrial challenges into R&D projects, commercializable technologies, and value-creating investments.

28 companies · 92+ partners

EST · 2018

Specialized Innovation Broker

Why Novaco?

Six Key Differentiators

Strategic backing of Ahdaf Holding

Direct access to 28 leading petro-refining companies.

Diverse financing instruments

From in-house CVC to innovation funds and crowdfunding.

Tax-credit and legal expertise

Deep experience with Articles 11 and 13 and first-build projects.

A broad ecosystem network

Connections with 92+ knowledge-based firms and 16 universities.

A systematic four-stage methodology

A standard process from need identification to commercialization.

An international technology gateway

Experience transferring technology from global partners.

Mission, Vision, Values

Novaco's Three Identity Pillars

Innovation, R&D, and Technology Leadership

Integrated R&D management, technological needs assessment, development of an innovation ecosystem, networking, and technology commercialization within the companies of the Ahdaf Group.

Technological Investment and the Development of Knowledge-Based Businesses

Identifying, evaluating, financing, and managing technology-based investments; developing industrial partnerships; and creating economic value from technology.

Development of infrastructures, platforms, and advanced technology products

Designing and managing strategic infrastructure—such as GPU farms—as well as developing artificial intelligence platforms, digital solutions, and technology products.

Problem-first

Start from a real need, not an available technology.

Accountability

A commitment to measurable results.

Co-creation

Projects advance together with the ecosystem.

Continuous learning

Monitor, get feedback, refine.

Novaco's Position

Within Ahdaf Holding's Structure

Novaco is an independent yet specialized company that centrally delivers innovation services to the subsidiaries.

PARENT HOLDING

Ahdaf Holding

Investment Group

SUBSIDIARIES

33 Subsidiaries

Petrochemical, refining, chemical, services

NOVACO · INNOVATION ARM

Novaco

Specialized Innovation Broker

CVCR&DRFPAI

CORPORATE SERVICES

Other Staff Arms

Finance, legal, HR, IT

Five Strategic Identities

Novaco Operates in Five Layers at Once

Novaco’s five strategic identities represent an intelligent synthesis of knowledge, innovation, technology, and capital—aimed at pioneering future transformations, creating new opportunities, and converting technological capabilities into competitive advantages and sustainable value creation across industries.

Innovation and R&D Leadership

Leading and integrating research and development activities, identifying technological needs, and steering innovative projects with the aim of enhancing productivity and creating sustainable value within industries.

Knowledge-Based Nature and Futures Studies

Developing the knowledge-based ecosystem, identifying emerging trends, and conducting technology foresight with the aim of uncovering innovative opportunities, fostering technological collaborations, and preparing industries for future transformations.

Investment in and Development of Technology-Based Businesses

Identifying and evaluating investment opportunities, developing financing and partnership models, and establishing technology-based businesses with the aim of creating sustainable economic value.

Developer of Smart Infrastructure and Digital Transformation

Designing and developing advanced computing infrastructure, artificial intelligence platforms, and data-driven solutions aimed at making industries smarter and enhancing operational productivity.

Leader and Executor of Strategic Technology Projects

Feasibility assessment, design, management, and execution oversight of large-scale technological and industrial projects—from the initial concept to operational phase—with a focus on risk management and the realization of economic objectives.

History