The Journey Of The UAE Chairman
Hussain al Nowais was schooled in Qatar after leaving the hardships of Abu Dhabi. When His Highness Sheikh Zayed bin Sultan Al Nahyan took over power, he moved back there together with his family. 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. Hussain al Nowais went to work for the family business after his studies in the US were completed. The family business of Hussain al Nowais’ family started as a trading organization.
When he joined the family business he was able to improve the manufacturing, and the distribution of the trading company. Hussain al Nowais worked in companies as an agent and later 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.
With the skills he acquired doing business, Hussain al Nowais started focusing on the acquisition of failing companies. 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. He also improved the IT systems of the businesses and this contributed to the success of the businesses. Hard work and new ideas also contributed to the success the failing 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. Through working in the UAE, he interacts with different nationalities this gives him a better appreciation of the cultures that are around. He likes to spend time with his family when he has spare time.
He also likes to read a lot and has a huge library in his house. 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.