The Journey Of 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. Other families also returned to Abu Dhabi during this time.
He completed his high school education while 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. 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 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.
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. The success of the businesses came about because the IT system was improved alongside other measures. 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. As time went by, Hussain al Nowais established a manufacturing food company which had many employees. 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. 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. When he can, he is likes to travel and relax. Hussain al Nowais likes to challenge his children to keep growing in the activities that they do.