Making Money Rain for Your Business
Businesses normally face challenges, which are not an issue for Hussain al Nowais, the managing director and chairman of the famous Emirates Holdings, known for making dying companies live again and even succeed. There might be a lot of questions in your mind regarding the ways on how this UAE Businessman bloomed in this kind of business.
According to Hussain al Nowais, he was born in the time when life was so hard, which made him push his limits.
Hussain al Nowais shared that back in the days, they saw the sacrifices of their parents. And now that their lives have already improved, it is evident how much they earned through their sacrifices.
He shared that back in the 1950s, drinking purified drinking water is already a kind of luxury while having an air conditioner for a room is just unthinkable. Abu Dhabi looked like a village with no citizens, as Hussain al Nowais described it before. Years ago, their family stayed in an area of Corniche, and the town’s centre was Al Husn.
Hussain al Nowais was sent to Qatar to study since Abu Dhabi’s schooling was insufficient.This did not only happen to him but to many people before, considering as a norm.
Many families, which included the family of Al Nowais, decided to come back to Abu Dhabi when Sheikh Zayed bin Sultan Al Nahyan became the president. The grandfather of Al Nowais, who was once a pearl merchant, worked his way and became a building material and foodstuff trader. Their family managed to become a trade organisation after that.
When Al Nowais completed his high school in a school in Abu Dhabi, he then went to the U.S. in order to resume his education.
He has shown great strength and optimism after graduating with a business administration degree in the U.S. by going back to UAE in order to practice his skills. In 1978, Al Nowais was known to be one out of few who was able to study outside UAE and was able to successfully communicate with businessmen from different countries.
Along with his dedication, intelligence, luck, and commitment, he was able to evolve their family business into a well-known contracting, trading, distributing, and manufacturing company, which is not limited in UAE. He even recalled how we build everything almost from nothing.
One of the biggest events in his career that made their business grew more and more was when he was able to have a contract for a certain government department in supplying electrical equipment.
By improving his acquired skills and knowledge, he became successful in his chosen career.
Even the beginning of Gulf War was seen by Al Nowais as a chance to begin a food business, because of its necessity. He even bought dying businesses and restructured them, making them reach the pick again.
And up to this day, he is still showing and sharing his excellence, such as having Federal Foods.