What you need to know about UAE businessman Hussain Al Nowais
Hussain Al Nowais is a name to reckon with when it comes to international business and strategies in UAE business industry. Hussain Al Nowais business niche cuts across hospitality, heavy industries, petrochemicals, reals estate, and investments. He is a self-made business who was born and raised in Abu Dhabi, UAE. The article highlights the success and life of Hussain Al Nowais.
The Background of Hussain
Hussain Al Nowais completed both his primary and secondary studies in UAE before flying abroad in the US for his college studies. The success story of Hussain is a unique one since during his first years, his family was forced to live in the desert.He is currently the chairman and managing director of the Emirates Holdings. He began his trade earlier when his grandfather was a small scale supplier operating family chains of business. During his earlier years, he worked as an agent, and after some time, he could rise to become a partner.
His professional career began in New York where he worked as a trainee to an investment bank. It is in the United States that his career jumpstarted working as a trainee in a bank. He could see several business opportunities when socializing with other students who came from other nationals such as Japan, Korea, and Italy. He graduated from the Lewis and Clark College in Portland Oregon in 1979 with a degree in Business Administration. He was able to overcome his competitors because he gained command of English which he could use to get the big contracts from the international companies.
Breakthrough in His career
His breakthrough came when he was awarded a contract to supply the government department with electrical materials. He also developed a passion for acquisition whereby he bought the falling firms and established them to be beneficial. His ability to offer solutions to his country saw him establish a food company during the recession period in UAE. Federal Foods is a manufacturing company that has used efficiently IT to deliver most of its services.
Hussain has three children, and he uses his free time to mentor them. Although his kids are privileged, he desires to see them have a passion in life and come up with brilliant ideas in the business sector. He reads informative and inspirational books and those based on Islam religion. Hussain Al Nowais treasures his family and most of the time he takes them for vacation in different countries.
He is the chairman of Al Nowais Investments LLC, Federal Foods, Dan way Engineering, Eircom, Addax Bank B.S. C, National Petroleum Construction and Waha Capital PJSC. He is a director of various companies such as the MENA infrastructure funds and Rotana Hotel Management Corporation Limited.He is a board member of several other groups.