What You Didn’t Know About The UAE Chairman
After leaving Abu Dhabi Hussain al Nowais schooled in Qatar. When His Highness Sheikh Zayed bin Sultan Al Nahyan took over power, he moved back there together with his family. With the change of power, other families returned to Abu Dhabi.
He completed his high school education while in Abu Dhabi. After this, he went to the US to study Business Administration. 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. 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. Failing food businesses started making a profit after restructuring was conducted by Hussain al Nowais. Recession-proof industries such as the food business is what attracted him to do acquisition in the food businesses.
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. As time went by, Hussain al Nowais established a manufacturing food company which had many employees. 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. 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. One of his favourite things to do is to travel and relax. Hussain al Nowais likes to challenge his children to keep growing in the activities that they do.
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