Our UAE Businessman Hussain al Nowais
The United Arab Emirates is known to have the richest business tycoons from all over the world.
Seven at least that are UAE homegrown businessmen and conglomerates that own huge assets of major establishments like hospitals, high rise buildings, banks and mega shopping malls are among these mentioned.
It’s no wonder then that business people from UAE are more successful and shows more profit compared to other countries. From the report made by Forbes in 2018, UAE holds seven of the wealthiest individual and families from the 2,200 billionaires in record.
Nonetheless, those that are in line with banking investments, automobiles and other industries have a decline in profit compared to those that ventured in health care, money exchange, and property.
Hussain Al Nowais is a native of Abu Dhabi, UAE and is one of those seven billionaires mentioned earlier. He had studied internationally that somehow contributes to his excellence in business.
A graduate of Business Administration in 1979, led to his unquestionable success. His self-made wealth is only an indication that he was a determined businessman.
Hussain Al Nowais managed his family business at first with only a few staff. On the record today, he now has over 6,000 employees and still growing to this date, which is inspiring.
He admitted that he faced many challenges that seemed insurmountable, however, he had successfully turned those challenges into growth opportunities.
With over 30 years of experience in banking, finance, investments and project developments are only a few to mention of his achievements. It had made him as to what he is now.
Several companies in Abu Dhabi like Hussain Al Nowais admire him being either the chairman, director or co-chairman. Those that which he is handling are Senaat, one of UAE’s largest industrial holding companies; Al Nowais Investments where he is now the Executive Chairman, LLC Khalifa Fund, Emirates Steel and National Petroleum Construction Company are a few to mention.
He is connected to 12 Board Members in 12 organizations across 11 different industries. Hussain Al Nowais investments now covers Oil and Gas Petrochemicals,Energy, Engineering and Construction, Real Estate and Hospitality, healthcare, Information, Communication and Technology.
Therefore it is not a surprise that having these investments by Hussain Al Nowais still remains to be at an advantage in business.
One quality trait that his investments portray is the long-standing partnerships with leading players in the industry.