The Journey Of The UAE Chairman
After leaving Abu Dhabi Hussain al Nowais schooled in Qatar. 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.
Hussain al Nowais was able to complete his high school education in Abu Dhabi. After this, he went to the US to study 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.
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. His big break came when he got a contract for supplying electrical equipment to one of the government departments.
Hussain al Nowais became a skilled businessman and started focusing on the acquisition of 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. Through improved IT systems, the businesses became successful. Hard work and new ideas also contributed to the success 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. With time, Hussain al Nowais was able to grow his food business and established 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.
He also likes to read a lot and has a huge library in his house. When he can, he is likes 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.