What You Didn’t Know About The UAE Chairman
Hussain al Nowais schooled in Qatar after leaving Abu Dhabi. He later moved back to Abu Dhabi after His Highness Sheikh Zayed bin Sultan Al Nahyan took over power together with his family. With the change of power, other families returned to Abu Dhabi.
Hussain al Nowais was able to complete his high school education in Abu Dhabi. After this, he went to the US to study Business Administration. He joined the family business after his studies in the US were completed. The grandfather of Hussain al Nowais started the family business as a trading organization.
He played a key role in the functions of the business especially in the improvement of manufacturing and the distribution of the family trading company goods. Hussain al Nowais worked in companies as an agent and later started partnering with them. His big break came when he got a contract for supplying electrical equipment to one of the government departments.
Hussain al Nowais became a skilled businessman and started focusing on the acquisition of companies. He would turn the failing companies around and make a profit with them. Failing food businesses started making a profit after restructuring was conducted by Hussain al Nowais. Hussain al Nowais chose to acquire food businesses and turn them around because he saw that the industry was recession-proof.
Hussain al Nowais was able to turn the failing businesses into successful businesses by putting in place a qualified management team and setting up the infrastructure of the business. The success of the businesses came about because the IT system was improved alongside other measures. Through new ideas, the team was able to do a lot of hard work and they were able to turn around the failing businesses into successful and profitable businesses.
Through commitment and dedication, they were able to see results on the businesses they took over. Hussain al Nowais experienced growth in the food business and was able to establish a manufacturing food company. He made several proposals on the improvement of UAE business practices when it came to investment opportunities in trading.
It is challenging to turn a failing company around but Hussain al Nowais enjoys this challenge. Due to the interactions with different nationalities as he works in the UAE he’s able to appreciate culture better. Hussain al Nowais enjoys family time and he does this when he has time off work.
There is a huge library in his house because Hussain al Nowais likes to read a lot. When he can, he is likes to travel and relax. Hussain al Nowais strongly believes in growth and would like to pass this on to his children so that they can always keep growing.