The UAE Businessman Hussain al Nowais
The United Arab Emirates is known to have the richest business tycoons from all over the world.
It was noted that among these richest people, seven of them are locally UAE grown businessmen who are great stakeholders of hospitals, high rise buildings, banks and mega shopping malls.
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. An international graduate notably in Portland, he excels in his career, adding his additional studies in France and London.
Not surprising that he is very good in business since he graduated with a degree in Business Administration in 1979. He was a determined person and had grown to be a very successful businessman in his self-made wealth.
Hussain Al Nowais managed his family business at first with only a few staff. At present, his employees have reached over 6,000 and it actually is still growing to this day, imagine that!
He admitted that he faced many challenges that seemed insurmountable, however, he had successfully turned those challenges into growth opportunities.
His achievement for 30 years in banking, finance, investments and project developments just shows his enthusiasm that led to his great achievement. All these led to what he have now.
Hussain Al Nowais handling chairmanship of several group of Companies in Abu Dhabi. 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.
Now with 12 Board Members in connection with 12 organizations in 11 different industries across the globe. Hussain Al Nowais investments now covers Oil and Gas Petrochemicals,Energy, Engineering and Construction, Real Estate and Hospitality, healthcare, Information, Communication and Technology.
Thus he remained successful in making wealth and profit since most of the industries he had invested in are gearing to grow and expand and Hussain Al Nowais is still in the game in doing business grow all these years.
One noticeable trait and a good example that he displays is his long-standing partnerships with leading players in the industry.