The Background 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. Other families also returned to Abu Dhabi during this time.
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 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. 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. 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. Hussain al Nowais chose to acquire food businesses and turn them around because he saw that the industry was recession-proof.
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. The success of the businesses came about because the IT system was improved alongside other measures. Hard work and new ideas also contributed to the success the failing businesses.
It also took a lot of dedication and commitment to see results on the businesses that they were working on. Hussain al Nowais experienced growth in the food business and was able to establish a manufacturing food company. Hussain al Nowais has been on the forefront of trying to make improvements on UAE business practices especially when it comes to investment opportunities during 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.
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 likes to challenge his children to keep growing in the activities that they do.