What You Didn’t Know About The UAE Chairman
Hussain al Nowais schooled in Qatar after leaving Abu Dhabi. When His Highness Sheikh Zayed bin Sultan Al Nahyan took over power, he moved back there together with his family. Other families also returned to Abu Dhabi during this time.
He completed his high school education while 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.
When he joined the family business he was able to improve the manufacturing, and the distribution of the trading company. He was an agent of companies before he started partnering with them. The supply of electrical equipment to one of the government departments was one of his big opportunities.
Hussain al Nowais started acquiring failing companies with the skills he acquired as a businessman. 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. Recession-proof industries such as the food business is what attracted him to do acquisition in the food businesses.
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. Through improved IT systems, the businesses became successful. Hard work and new ideas also contributed to the success the failing businesses.
It also took a lot of dedication and commitment to see results on the businesses that they were working on. Hussain al Nowais experienced growth in the food business and was able to establish a manufacturing food company. His contribution to the UAE are his proposals to improve business practices in investment opportunities when trading.
It is challenging to turn a failing company around but Hussain al Nowais enjoys this challenge. Through working in the UAE, he interacts with different nationalities this gives him a better appreciation of the cultures that are around. When he can, he likes to spend his time with his family.
Hussain al Nowais has a huge library in his house because he likes to read a lot. When he can, he is likes to travel and relax. Hussain al Nowais likes to challenge his children to keep growing in the activities that they do.