The Background Of The UAE Chairman
After leaving Abu Dhabi Hussain al Nowais schooled in Qatar. He later moved back to Abu Dhabi after His Highness Sheikh Zayed bin Sultan Al Nahyan took over power together with his family. During this time, other families also returned to Abu Dhabi.
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.
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. 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. 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. 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.
It also took a lot of dedication and commitment to see results on the businesses that they were working on. With time, Hussain al Nowais was able to grow his food business and established a manufacturing food company. He made several proposals on the improvement of UAE business practices when it came to investment opportunities in 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. 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. One of his favourite things to do is to travel and relax. What Hussain al Nowais would like to pass on to his children is that they should always keep growin in what they do.