Smart Ideas: Tips Revisited

May 11, 2018

Miscellaneous

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The UAE Businessman Tycoon 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.

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’s no wonder then that business people from UAE are more successful and shows more profit compared to 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.

Nonetheless, those that are in line with banking investments, automobiles and other industries have a decline in profit compared to those that ventured in health care, money exchange, and property.

One of these billionaire business tycoons is Hussain Al Nowais, a local from Abu Dhabi, UAE. An international graduate notably in Portland, he excels in his career, adding his additional studies in France and London.

Not surprising that he is very good in business since he graduated with a degree in Business Administration in 1979. He was a determined person and had grown to be a very successful businessman in his self-made wealth.

Hussain Al Nowais managed his family business at first with only a few 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.

He have achieved much in 30 years in banking, finance, investments and project developments and these assets are his card to his success. This brought to where he is now.

Hussain Al Nowais handling chairmanship of several group of Companies in Abu Dhabi. 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.

He is connected to 12 Board Members in 12 organizations across 11 different industries. 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.

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

One quality trait that his investments portray is the long-standing partnerships with leading players in the industry.