Our UAE Businessman Hussain al Nowais
The latest data that was gathered specifically from Dubai mentions that the richest business tycoons around the globe are from the United Arab Emirates.
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 is true then that, many of them are business oriented that surpasses expectations that lead to their success compared to those that are from other countries. In fact, as confirmed by Forbes’ in 2018, among the list of 2,200 billionaires around the world the wealthiest individual and families are from UAE.
Even then those that are in business about health care, money exchange, and property have continued to prosper and gain, but those that ventured in banking investments, automobiles and other industries showed a challenge by a notable decrease in profit.
Born and raised as well in Abu Dhabi, UAE, Hussain Al Nowais is one of the mentioned successful billionaires that made a record in the business industry. An international graduate notably in Portland, he excels in his career, adding his additional studies in France and London.
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 started doing family business with only a handful of staff. Now he had already over 6,000 employees and is still counting to this date.
Facing challenges, where he thought he can’t get over with, are not new to him as he experiences this like many others but he made sure that he is not disheartened and used these challenges to give him room for greater growth.
With over 30 years of experience in banking, finance, investments and project developments are only a few to mention of his achievements. This brought to where 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.
Connected to 12 Board Members, in 12 organizations in 11 different industries all over the globe. Hussain Al Nowais have invested in industries like Oil and Gas Petrochemicals, Energy, Engineering and Construction, Real Estate and Hospitality, healthcare, Information, Communication, and Technology.
Hence, it is no wonder that Hussain Al Nowais profits and wealth increase because his investments covers almost everything of necessity and importance to people.
One noticeable trait and a good example that he displays is his long-standing partnerships with leading players in the industry.