What You Didn’t Know About The UAE Chairman
After leaving Abu Dhabi Hussain al Nowais schooled in Qatar. 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.
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. 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. 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. 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. Hussain al Nowais chose to acquire food businesses and turn them around because he saw that the industry was recession-proof.
His method of turning failing businesses around included putting in place a qualified management team as well as the infrastructure of a business. He also improved the IT systems of the businesses and this contributed to the success of the businesses. His team was able to implement new ideas as well as do a lot of hard work and this contributed to the success of 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. Due to the interactions with different nationalities as he works in the UAE he’s able to appreciate culture better. 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. What Hussain al Nowais would like to pass on to his children is that they should always keep growin in what they do.
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