What You Didn’t Know About The UAE Chairman
Hussain al Nowais schooled in Qatar after leaving Abu Dhabi. Together with his family, Hussain al Nowais moved back to Abu Dhabi after His Highness Sheikh Zayed bin Sultan Al Nahyan took over power. Other families also returned to Abu Dhabi during this time.
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. Hussain al Nowais went to work for the family business after his studies in the US were completed. The family business of Hussain al Nowais’ family started as a trading organization.
He played a key role in the functions of the business especially in the improvement of manufacturing and the distribution of the family trading company goods. 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. He focused on the food business and started restructuring them and this is what made them successful. 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. 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. As time went by, Hussain al Nowais established a manufacturing food company which had many employees. 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.
It is challenging to turn a failing company around but Hussain al Nowais enjoys this challenge. 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. He enjoys traveling when he has the time to do it. What Hussain al Nowais would like to pass on to his children is that they should always keep growin in what they do.