Imagine a bustling restaurant kitchen, hot and steamy, filled with busy chefs and the smells of different cuisines cooking across various ovens. Only there is no front-of-house, no waitstaff, and no dine-in customersjust a streamlined operation focused on producing meals. This is the reality of the burgeoning cloud kitchen industry. However, while Omar Rifai was investing in the sector, he spotted some gaps. "It was really chaotic," remembers Rifai.
Rifai, with a 16-year career in private equity and investment under his belt, was a board member for a Dubai-based cloud kitchen startup in 2019. During his time there, he reached a crucial conclusion that would shape his future career: cloud kitchens are to F&B what e-commerce was to retail 20 years ago. However, a solid technological infrastructure is key, which Rifai found lacking. Inspired, he reached out to an old friend he had known since he was six years old, Mohamed AI Fayed, who had amassed over 20 years of business experience and was working at AI Tayer Group at the time. "I managed to convince him that after two decades in the corporate world, it was time for a new challenge," says Rifai.
Today, CEO AI Fayed and Chief Growth Officer Rifai are two of the three co-founders of Dubai-based Grubtech, an all-in-one software platform that helps F&B companies and quick commerce businesses manage their operations seamlessly.
Established in October 2019 in Dubai, the company now processes over $1 billion in food orders per year, and serves clients in more than 20 countries across three continents, including Talabat, Burger King, Subway, and Domino's.
Denne historien er fra July 2024-utgaven av Forbes Middle East - English.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent ? Logg på
Denne historien er fra July 2024-utgaven av Forbes Middle East - English.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent? Logg på
Celebrating Emirati Businesswomen and Entrepreneurs on Emirati Women's Day
As part of the U.A.E.’s annual Emirati Women’s Day celebrations, the Abu Dhabi Business Women Council and the Abu Dhabi Chamber hosted an event on August 28, 2024, under the theme “We Collaborate for Tomorrow,” celebrating the role and achievements of Emirati women.
THE MIDDLE EAST'S TOP 100 HEALTHCARE LEADERS 2024
MENA’s healthcare landscape is evolving towards integration, marked by the rise of fully comprehensive ecosystems. Industry giants are setting future trends, driven by systems that thrive on data abundance, accessibility, and intersectoral collaboration.
SCOUTING FOR OPPORTUNITIES
Ayman Cheikh-Lahlou, Chairman and CEO of the Morocco-based Cooper Pharma, took the helm of the family-owned pharmaceutical company in 2005 and has seen business boom over nearly 20 years. Now, he’s exploring expansion opportunities in new markets.
TURNING THE TIDE
Irina Zaporozhets, President and General Manager for Eli Lilly Suisse S.A. in the META region is driving expansion, focusing on innovation and patient-centric care. As she navigates regional challenges, her commitment to expanding access to medicine remains at the forefront.
Supercharging AI
Armed with a newly raised 640 million, GROQ thinks it can challenge one of the world’s most valuable companies with a purpose-built chip designed for Al from scratch.
How Technology is Accelerating Digital Equality in Diverse Markets
The rise of smartphones and digital technologies has transformed our daily lives, contributing to the evolution of connected consumers.
Rare Fortune
Money manager JAMES LITINSKY turned a bad junk bond bet into a $400 million fortune. His MP Materials operates a strategic mine and will begin manufacturing supermagnets for electric vehicles next year.
The State of Mental Health in the Middle East
While mental health awareness is on the rise, the Middle East faces some challenges in providing care. Still, we're seeing some progress.
Big Breakthroughs
From gene therapy to nasal sprays, these were some of the most significant healthcare breakthroughs in the last year.
MENA's 5 Most Valuable Healthcare Companies 2024
The combined market cap of 57 healthcare companies listed on MENA's stock exchanges hit $83.7 billion on August 13, 2024, with the top five companies accounting for about 62.4% of the total market cap. These are MENA's five most valuable healthcare companies in 2024.