The Journey Of The UAE Chairman
Hussain al Nowais was schooled in Qatar after leaving the hardships of 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. 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. Hussain al Nowais went to work for 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.
The family business was able to grow in manufacturing and distribution through his contribution. Before Hussain al Nowais started any partnerships, he was first an agent to the companies. 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. 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.
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. The success of the businesses came about because the IT system was improved alongside other measures. 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. His contribution to the UAE are his proposals to improve business practices in investment opportunities when trading.
He’s a man who likes the challenge of growing companies. Hussain al Nowais appreciates cultures better because of his interactions with different nationalities as he does his work in the UAE. 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. He enjoys traveling when he has the time to do it. Hussain al Nowais strongly believes in growth and would like to pass this on to his children so that they can always keep growing.
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