Practical and Helpful Tips: Experts

May 10, 2018

Miscellaneous

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The UAE Businessman Tycoon 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 is then a fact that businessmen from UAE are more inclined to generate more profit and gain more asset in business compared to many 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.

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.

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. Being business minded, his determination surpassed that his self-made wealth says it all.

Hussain Al Nowais started doing family business with only a handful of staff. At present, his employees have reached over 6,000 and it actually is still growing to this day, imagine that!

He mentioned once before that like many others, he had faced problems where he thought cannot be solved or surpassed but is determined to succeed he converted these problems into an opportunity to grow.

He have achieved much in 30 years in banking, finance, investments and project developments and these assets are his card to his success. All these led to what he have 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.

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.

His investments enjoys long-standing partnerships with leading players in the industry.