Smart Ideas: Experts Revisited

April 14, 2018

Miscellaneous

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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.

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. Hussain al Nowais got a huge opportunity after getting a contract to supply electrical equipment to one of the government departments.

Hussain al Nowais started acquiring failing companies with the skills he acquired as a businessman. 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. The reason he ventured into the food business was because they were recession-proof industries.

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. 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. Hussain al Nowais experienced growth in the food business and was able to establish a manufacturing food company. 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. When he can, he likes to spend his time with his family.

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.