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. Other families also returned to Abu Dhabi during this time.
Hussain al Nowais was able to complete his high school education in Abu Dhabi. Hussain al Nowais went to the US after completing high school and this is where he studied Business Administration. He joined 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. He was an agent of companies before he started partnering with them. 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. Within a period of time, the failling company’s would start making a profit under his management. 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.
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. Through improved IT systems, the businesses became successful. 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. 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. What Hussain al Nowais would like to pass on to his children is that they should always keep growin in what they do.