What You Didn’t Know About The UAE Chairman
Hussain al Nowais was schooled in Qatar after leaving the hardships of 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. During this time, other families also returned to Abu Dhabi.
While in Abu Dhabi, Hussain al Nowais was able to complete his high school education. Hussain al Nowais studied Business Administration in the US after completing his high school education. On completion of his studies in the US, Hussain al Nowais joined the family business. 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. 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.
Hussain al Nowais started acquiring failing companies with the skills he acquired as a businessman. He would turn the failing companies around and make a profit with them. Failing food businesses started making a profit after restructuring was conducted by Hussain al Nowais. The reason he ventured into the food business was because they were recession-proof industries.
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. Hard work and new ideas also contributed to the success 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. 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. 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.
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 likes to challenge his children to keep growing in the activities that they do.