The Background Of The UAE Chairman
Hussain al Nowais was schooled in Qatar after leaving the hardships of Abu Dhabi. When His Highness Sheikh Zayed bin Sultan Al Nahyan took over power, he moved back there together with his family. During this time, other families also returned to Abu Dhabi.
Hussain al Nowais was able to complete his high school education 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 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. 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. Under his management the failing companies were able to make a profit and grow. 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. 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. 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.
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. What Hussain al Nowais would like to pass on to his children is that they should always keep growin in what they do.