As the Group Chief Executive Officer of the National Technology Enterprises Company; which is a fully owned subsidiary of the Kuwait Investment Authority, (the sovereign fund of Kuwait), Anas, 47, overseas the strategic direction of the Kuwaiti-based group, with a capital of KD. 100mn ( $350 million) specializing in developing and financing technology projects locally and regionally, with a vast international portfolio of technology VC investments.
Anas joined the company in April 2005 and was promoted to CEO in March 2010. During his 20 years of career experience, Anas has served over 11 years as a Research Associate at the Kuwait Institute for Scientific Research (KISR) within the Energy Department, and in parallel he has started several companies in Kuwait, the region and in the US, specializing in Industrial Applications, Information Technologies, Telecommunications, Software Development, Healthcare Management and Advisory Services. Anas is the Chairman and Vice Chairman for several companies and is also on several boards and committees that are committed to entrepreneurship and social development in Kuwait.
Anas holds a BSc. in Mechanical Engineering Technology from the University of Dayton, Ohio, USA, since 1994, and has attended Executive Education in Leadership, Innovation and Global Sales from MIT, Executive Education in Business Administration from UC San Diego and Executive Education in Global Business Performance from IMD Switzerland. Anas regularly lecturers in Entrepreneurship and Business Management & Start-ups in several universities, colleges and specialized centers.
National Technology Enterprises Company
The National Technology Enterprises Company (NTEC) was established back in November of 2002 and operational in late 2004, by the Kuwait Council of Ministers as a fully owned subsidiary of the Kuwait Investment Authority (KIA). NTEC was created to play a vital role in servicing major stakeholders in Kuwait with their technology needs. The company holds a unique position being fully owned by the Kuwaiti Government, yet enjoys all private sector privileges and operates as such; with its own business license, articles of association, board of directors and capital, NTEC was able to utilize its broad objectives and technology focus being: Information & Communications Technologies, Life Sciences & Healthcare Technologies, Energy, Renewable Energy, Water & Environmental Technologies, to develop distinctive operational and investment strategies to address its core mandate: Technology & Knowledge Transfer. NTEC’s objectives are:
- Startup or Partnering in high-tech specialized projects to develop the national economy and to diversify the nation’s revenue streams
- Assist in the development of nationals’ technical skills and encourage their participation in high-tech projects
- Carry out high-tech industrial, commercial, vocational, professional and service oriented projects’ studies throughout all sectors relevant to the country’s technology development needs
- Start or participate (invest) in technology investments and deals locally and internationally for financial gain as well as for the purpose of supporting local & regional technology developments