Hussain Al-Nowais, as the Chairman of Emirates Steel Industries, has a substantial amount of power in the region, and particularly within the UAE.
As the only significant domestic supplier of deformed reinforcing steel bars (rebar), with a rolling mill producing up to 600,000 tonnes of rebar annually, his company is one of the most important suppliers to the modern construction market.
Al Nowais has a CV that is the envy of almost everyone on this power list. With over 25 years of combined experience in business management, banking, finance, investment, hospitality, real estate, and industrial and project development, he has been actively involved in numerous instances of either setting up new businesses or acquiring ongoing businesses, primarily in the GCC and Middle East.
Al Nowais presently holds multiple positions, including chairman of Abu Dhabi Basic Industries Corporation, Khalifa Fund for Enterprise Development, Emirates Steel, Waha Capital and National Petroleum Construction Company.
He vice-chairs the General Holding Corporation and sits on the board of Abu Dhabi Economic Development Council, The Higher Corporation for Specialized Economic Zones, Abu Dhabi Aviation and Sheikh Khalifa University for Science & Technology.
A UAE national born in Abu Dhabi, Al Nowais graduated with a Bachelor’s in Business Administration, with an emphasis on Finance, from Lewis & Clark College in Portland, Oregon in the US. He has since attended executive management courses at INSEAD in France and London Business School in the UK.