What You Didn’t Know About The UAE Chairman
Hussain al Nowais was schooled in Qatar after leaving the hardships of 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.
Hussain al Nowais was able to complete his high school education 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 family business of Hussain al Nowais’ family started 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. Hussain al Nowais got a huge opportunity after getting a contract to supply 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. Recession-proof industries such as the food business is what attracted him to do acquisition in the food businesses.
His method of turning failing businesses around included putting in place a qualified management team as well as the infrastructure of a business. Through improved IT systems, the businesses became successful. His team was able to implement new ideas as well as do a lot of hard work and this contributed to the success of the failing businesses.
The businesses that they took over required a lot of commitment and dedication and they were able to do this to turn them around. As time went by, Hussain al Nowais established a manufacturing food company which had many employees. 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. Hussain al Nowais appreciates cultures better because of his interactions with different nationalities as he does his work in the UAE. When he can, he likes to spend his time with his family.
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.