The Journey 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. 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.
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. The supply of electrical equipment to one of the government departments was one of his big opportunities.
Hussain al Nowais became a skilled businessman and started focusing on the acquisition of companies. He would turn the failing companies around and make a profit with them. 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.
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.
The businesses that they took over required a lot of commitment and dedication and they were able to do this to turn them around. 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. 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. He enjoys traveling when he has the time to do it. Hussain al Nowais likes to challenge his children to keep growing in the activities that they do.
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