What You Didn’t Know About The UAE Chairman
Hussain al Nowais was schooled in Qatar after leaving the hardships of Abu Dhabi. Together with his family, Hussain al Nowais moved back to Abu Dhabi after His Highness Sheikh Zayed bin Sultan Al Nahyan took over power. With the change of power, other families returned to Abu Dhabi.
He completed his high school education while in Abu Dhabi. Hussain al Nowais went to the US after completing high school and this is where he studied Business Administration. On completion of his studies in the US, Hussain al Nowais joined the family business. The grandfather of Hussain al Nowais started the family business as a trading organization.
The family business was able to grow in manufacturing and distribution through his contribution. He was an agent of companies before he started partnering with them. His big break came when he got a contract for supplying electrical equipment to one of the government departments.
With the skills he acquired doing business, Hussain al Nowais started focusing on the acquisition of failing 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. The reason he ventured into the food business was because they were recession-proof industries.
By setting up the infrastructure of a business and putting in place a qualified management team, he was able to turn failing businesses into successful businesses. The success of the businesses came about because the IT system was improved alongside other measures. Hard work and new ideas also contributed to the success the failing businesses.
Through commitment and dedication, they were able to see results on the businesses they took over. As time went by, Hussain al Nowais established a manufacturing food company which had many employees. He made several proposals on the improvement of UAE business practices when it came to investment opportunities in trading.
Hussain al Nowais enjoys growing companies because he likes the challenge of turning failing companies around. Through working in the UAE, he interacts with different nationalities this gives him a better appreciation of the cultures that are around. Hussain al Nowais enjoys family time and he does this when he has time off work.
He also likes to read a lot and has a huge library in his house. One of his favourite things to do is 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.