Building the backbone of growth
A private infrastructure investment and holding company headquartered in DIFC, Dubai — investing in, building and operating the critical assets economies depend on.
Explore our portfolioWho we are
Critical infrastructure, delivered where it is needed most.
We are a private investment and holding company focused on strategic assets that form the backbone of the economy. We create long-term value through disciplined investment, asset transformation and a performance-driven culture.
What we do
Specialist operators. One integrated platform.
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Energy & power
Gas, power and refining, integrated in the Kurdistan Region of Iraq.
1,500 MW
installed power generation capacity
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Trading & shipping
Moving physical energy from where it is produced to where it is needed most.
55m
barrels of commodities traded a year
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Real estate
Restoring a London landmark for a new generation.
$1.7bn
total investment value of The OWO
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Renewables
Developing, financing, building and operating utility-scale wind.
€600m
invested in renewables
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Digital & resources
Telecom towers, digital retail and a stake in West African gold.
16,000+
towers in the TVI–Ascend portfolio
Featured projects
Uncover the full picture.
Power · Kurdistan Region of Iraq
1,500 MW through Taurus, our power platform.
Through Taurus, our power platform, we have grown Bazian from the first 500 MW in 2016 to 1,500 MW — including the 250 MW CCGT add-on completed in 2025.
Upstream · with HKN Energy
A world-class gas resource for regional energy security.
Through Miran Energy, our joint venture with HKN Energy in which ONEX holds a 50% interest, we signed a binding term sheet with the Kurdistan Regional Government in 2025 to develop one of the region’s largest gas fields in phases. The first well test is planned for January 2027.
Downstream · Sulaymaniyah
Turning domestic crude into high-value fuels.
Acquired in 2010, then restored, upgraded and expanded, the Bazian Refinery processes 45,000 barrels a day under a long-term tolling agreement with the Federal Government of Iraq.
Commodities · Dubai & Geneva
Connecting supply with demand across the energy value chain.
ONEX DMCC is our independent trading house in Dubai and Geneva. One of the leading lifters of fuel oil in the market, sourcing product from SOMO in Iraq, it trades fuel oil, naphtha and gasoline.
Shipping · Regional & global routes
A modern, expanding tanker fleet.
Our fleet of 11 tankers, seven LR2s and four VLCCs (very large crude carriers), supports our upstream, refining and trading operations. ONEX Peace was the world’s first merchant ship to receive DNV’s SILENT-E notation.
Real estate · London
Reviving a London landmark on Whitehall.
Britain’s former War Office, restored over eight years and opened in 2023 as The OWO: home to Raffles London, 85 residences and a Guerlain Spa.
Renewables · Portugal & Spain
Developing, owning and exiting utility-scale wind.
In 2022 we delivered 220 MW of renewables. The Portuguese wind portfolio was later sold to Finerge in 2023, recycling capital into our pipeline. We also hold stakes in wind projects in Zaragoza, Spain.
Telecom · India
Passive tower infrastructure at scale.
Through the TVI–Ascend combination we hold a PAN-India portfolio of more than 16,000 towers, alongside Global Infrastructure Partners, Blackstone and Mubadala.
Digital · Iraq
Technology for every home.
A leading omnichannel retailer of home appliances and technology in Iraq, with flagship showrooms in Sulaymaniyah, Erbil and Baghdad and more than 240 distribution partners.
Mining · Guinea & Mali
Gold in production in West Africa.
ONEX is a shareholder in PDI Gold Limited (ASX/TSX: PDI), formed when Predictive Discovery merged with Robex in April 2026. Kiniéro in Guinea is producing; Nampala in Mali and the Bankan development project complete the portfolio.
Partnering with governments, national companies and global industrial leaders.
Let’s build what’s next.
We work with governments, national companies and global partners on complex infrastructure with high barriers to entry. Talk to us about partnerships and opportunities.