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.
While in Abu Dhabi, Hussain al Nowais was able to complete his high school education. Hussain al Nowais studied Business Administration in the US after completing his high school education. 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.
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. Hussain al Nowais got a huge opportunity after getting a contract to supply 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. Within a period of time, the failling company’s would start making a profit under his management. 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.
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. He also improved the IT systems of the businesses and this contributed to the success of the businesses. 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. 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.
Hussain al Nowais has a huge library in his house because he likes to read a lot. One of his favourite things to do is to travel and relax. What Hussain al Nowais would like to pass on to his children is that they should always keep growin in what they do.