The Journey 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. Other families also returned to Abu Dhabi during this time.
While in Abu Dhabi, Hussain al Nowais was able to complete his high school education. After this, he went to the US to study Business Administration. Hussain al Nowais went to work for the family business after his studies in the US were completed. The grandfather of Hussain al Nowais started the family business as a trading organization.
The family business was able to grow in manufacturing and distribution through his contribution. Hussain al Nowais worked in companies as an agent and later started partnering with them. The supply of electrical equipment to one of the government departments was one of his big opportunities.
With the skills he acquired doing business, Hussain al Nowais started focusing on the acquisition of failing companies. Under his management the failing companies were able to make a profit and grow. Through restructuring the food businesses that he acquired, they started making profits. The reason he ventured into the food business was because they were recession-proof industries.
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.
It also took a lot of dedication and commitment to see results on the businesses that they were working on. As time went by, Hussain al Nowais established a manufacturing food company which had many employees. He made several proposals on the improvement of UAE business practices when it came to investment opportunities in 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. When he can, he likes to spend his time with his family.
Hussain al Nowais has a huge library in his house because he 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.