The Journey Of The UAE Chairman
After leaving Abu Dhabi Hussain al Nowais schooled in Qatar. When His Highness Sheikh Zayed bin Sultan Al Nahyan took over power, he moved back there together with his family. With the change of power, other families returned to Abu Dhabi.
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. He joined the family business after his studies in the US were completed. The family business of Hussain al Nowais’ family started as a trading organization.
When he joined the family business he was able to improve the manufacturing, and the distribution of the trading company. Before Hussain al Nowais started any partnerships, he was first an agent to the companies. Hussain al Nowais got a huge opportunity after getting a contract to supply electrical equipment to one of the government departments.
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. He focused on the food business and started restructuring them and this is what made them successful. Recession-proof industries such as the food business is what attracted him to do acquisition in the food businesses.
His method of turning failing businesses around included putting in place a qualified management team as well as the infrastructure of a business. The success of the businesses came about because the IT system was improved alongside other measures. 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.
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. 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.
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. Hussain al Nowais strongly believes in growth and would like to pass this on to his children so that they can always keep growing.
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