Businesses – Getting Started & Next Steps

April 14, 2018

Miscellaneous

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The Background 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. Other families also returned to Abu Dhabi during this time.

While in Abu Dhabi, Hussain al Nowais was able to complete his high school education. Hussain al Nowais went to the US after completing high school and this is where he studied Business Administration. On completion of his studies in the US, Hussain al Nowais joined the family business. The grandfather of Hussain al Nowais started the family business 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. 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. Under his management the failing companies were able to make a profit and grow. Failing food businesses started making a profit after restructuring was conducted by Hussain al Nowais. Recession-proof industries such as the food business is what attracted him to do acquisition in the food businesses.

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. 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.

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. He made several proposals on the improvement of UAE business practices when it came to investment opportunities in trading.

He’s a man who likes the challenge of growing companies. 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.

There is a huge library in his house because Hussain al Nowais likes to read a lot. 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.