The Journey Of The UAE Chairman
Hussain al Nowais schooled in Qatar after leaving Abu Dhabi. 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. Hussain al Nowais went to the US after completing high school and this is where he studied Business Administration. On completion of his studies in the US, Hussain al Nowais joined the family business. 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. Hussain al Nowais worked in companies as an agent and later 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.
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. Through restructuring the food businesses that he acquired, they started making profits. The reason he ventured into the food business was because they were recession-proof industries.
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. Through improved IT systems, the businesses became successful. 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.
Through commitment and dedication, they were able to see results on the businesses they took over. With time, Hussain al Nowais was able to grow his food business and established a manufacturing food company. His contribution to the UAE are his proposals to improve business practices in investment opportunities when trading.
It is challenging to turn a failing company around but Hussain al Nowais enjoys this challenge. Through working in the UAE, he interacts with different nationalities this gives him a better appreciation of the cultures that are around. Hussain al Nowais enjoys family time and he does this when he has time off work.
There is a huge library in his house because Hussain al Nowais 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.