What Research About Companies Can Teach You

April 14, 2018

Miscellaneous

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

He completed his high school education while in Abu Dhabi. 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.

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. 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. He focused on the food business and started restructuring them and this is what made them successful. 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. 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.

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. 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. 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. When he can, he is likes 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.