The Background Of 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 went to the US after completing high school and this is where he studied Business Administration. He joined the family business after his studies in the US were completed. The family business started as a trading organization and it was started by Hussain al Nowais’ grandfather.
The family business was able to grow in manufacturing and distribution through his contribution. 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.
With the skills he acquired doing business, Hussain al Nowais started focusing on the acquisition of failing companies. Under his management the failing companies were able to make a profit and grow. 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.
His method of turning failing businesses around included putting in place a qualified management team as well as the infrastructure of a 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.
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. Hussain al Nowais has been on the forefront of trying to make improvements on UAE business practices especially when it comes to investment opportunities during trading.
He’s a man who likes the challenge of growing companies. Due to the interactions with different nationalities as he works in the UAE he’s able to appreciate culture better. 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. He enjoys traveling when he has the time to do it. Hussain al Nowais likes to challenge his children to keep growing in the activities that they do.