The Background Of 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.
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. Before Hussain al Nowais started any partnerships, he was first an agent to the companies. The supply of electrical equipment to one of the government departments was one of his big opportunities.
Hussain al Nowais became a skilled businessman and started focusing on the acquisition of 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. The success of the businesses came about because the IT system was improved alongside other measures. 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.
It also took a lot of dedication and commitment to see results on the businesses that they were working on. Hussain al Nowais experienced growth in the food business and was able to establish a manufacturing food company. He made several proposals on the improvement of UAE business practices when it came to investment opportunities in trading.
Hussain al Nowais enjoys growing companies because he likes the challenge of turning failing companies around. Hussain al Nowais appreciates cultures better because of his interactions with different nationalities as he does his work in the UAE. 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. One of his favourite things to do is to travel and relax. Hussain al Nowais strongly believes in growth and would like to pass this on to his children so that they can always keep growing.