News For This Month: Companies

The UAE Businessman Tycoon Hussain al Nowais

When you will look for the richest business tycoons from all over the world then you will simply find many of them are from the United Arab Emirates.

To note, seven businessmen born and raised from UAE hold the record being the richest billionaires in the whole world that are running huge businesses in hospitals, high rise buildings, banks and mega shopping malls.

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. Seven of these individuals are mentioned by Forbes in 2018, noted to be the wealthiest individual and families among the recorded 2,200 billionaires.

However, as of late those businesses in healthcare, money exchange, and property increased in wealth, and those in the investments in banking automobiles and other industries, on the other hand, shows a decline in fortune.

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. He had studied internationally that somehow contributes to his excellence in business.

Graduated Business Administration in 1979 made way to his contributing success today. He was a determined person and had grown to be a very successful businessman in his self-made wealth.

Being given the chance to manage his family business way back then, Hussain Al Nowais only have a very few employees. Now he had already over 6,000 employees and is still counting to this date.

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.

Having great responsibilities as a successful businessman, Hussain Al Nowais have chaired several companies. Senaat, Al Nowais Investments, LLC Khalifa Fund, Emirates Steel and National Petroleum Construction Company are only a few of those that he had chaired.

He is connected to 12 Board Members in 12 organizations across 11 different industries. Hussain Al Nowais investments now covers Oil and Gas Petrochemicals,Energy, Engineering and Construction, Real Estate and Hospitality, healthcare, Information, Communication and Technology.

Therefore it is not a surprise that having these investments by Hussain Al Nowais still remains to be at an advantage in business.

One noticeable trait and a good example that he displays is his long-standing partnerships with leading players in the industry.