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. During this time, other families also 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 family business of Hussain al Nowais’ family started 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. He would turn the failing companies around and make a profit with them. Through restructuring the food businesses that he acquired, they started making profits. Hussain al Nowais chose to acquire food businesses and turn them around because he saw that the industry was recession-proof.
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. Through new ideas, the team was able to do a lot of hard work and they were able to turn around the failing businesses into successful and profitable 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. 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. He likes to spend time with his family when he has spare time.
There is a huge library in his house because Hussain al Nowais 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.