The Background Of The UAE Chairman
Hussain al Nowais schooled in Qatar after leaving 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.
He completed his high school education while in Abu Dhabi. 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 grandfather of Hussain al Nowais started the family business 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. 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. 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. Hussain al Nowais chose to acquire food businesses and turn them around because he saw that the industry was recession-proof.
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. 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.
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.
He also likes to read a lot and has a huge library in his house. One of his favourite things to do is to travel and relax. Hussain al Nowais strongly believes in growth and would like to pass this on to his children so that they can always keep growing.