Why Businesses Aren’t As Bad As You Think

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. 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.

One of these billionaire business tycoons is Hussain Al Nowais, a local from Abu Dhabi, UAE. His education background is impressive in the sense that he graduated in Portland, France, and London.

Graduated Business Administration in 1979 made way to his contributing success today. His self-made wealth is only an indication that he was a determined businessman.

Being given the chance to manage his family business way back then, Hussain Al Nowais only have a very few employees. At present, his employees have reached over 6,000 and it actually is still growing to this day, imagine that!

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.

His achievement for 30 years in banking, finance, investments and project developments just shows his enthusiasm that led to his great achievement. This brought to where he is now.

Having great responsibilities as a successful businessman, Hussain Al Nowais have chaired several companies. 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. Oil and Gas Petrochemicals, Energy, Engineering and Construction, Real Estate and Hospitality, healthcare, Information, Communication and Technology are of late the investments of Hussain Al Nowais

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.