The Background Of The UAE Chairman
Hussain al Nowais was schooled in Qatar after leaving the hardships of Abu Dhabi. He later moved back to Abu Dhabi after His Highness Sheikh Zayed bin Sultan Al Nahyan took over power together with his family. Other families also returned to Abu Dhabi during this time.
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 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. The supply of electrical equipment to one of the government departments was one of his big opportunities.
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. 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.
Hussain al Nowais was able to turn the failing businesses into successful businesses by putting in place a qualified management team and setting up the infrastructure of the 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.
The businesses that they took over required a lot of commitment and dedication and they were able to do this to turn them around. 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.
Hussain al Nowais enjoys growing companies because he likes the challenge of turning failing companies around. 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 likes to challenge his children to keep growing in the activities that they do.
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