6 Lessons Learned: Experts

April 14, 2018

Miscellaneous

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What You Didn’t Know About The UAE Chairman

Hussain al Nowais schooled in Qatar after leaving Abu Dhabi. 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 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. He was an agent of companies before he started partnering with them. His big break came when he got a contract for supplying electrical equipment to one of the government departments.

With the skills he acquired doing business, Hussain al Nowais started focusing on the acquisition of failing companies. 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. He also improved the IT systems of the businesses and this contributed to the success of the businesses. Through new ideas, the team was able to do a lot of hard work and they were able to turn around the failing businesses into successful and profitable businesses.

Through commitment and dedication, they were able to see results on the businesses they took over. Hussain al Nowais experienced growth in the food business and was able to establish a manufacturing food company. 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. He likes to spend time with his family when he has spare time.

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. What Hussain al Nowais would like to pass on to his children is that they should always keep growin in what they do.




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