يحاول ذهب - حر
TECH TO ORDER
July 2024
|Forbes Middle East - English
With over $36.9 million in total funding, Omar Rifai, Mohamed AI Fayed, and Mohamed Hamedi, cofounders of U.A.E.-based F&B and e-commerce platform, Grubtech, are turning to new markets and AI to expand the growing startup.
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.
هذه القصة من طبعة July 2024 من Forbes Middle East - English.
اشترك في Magzter GOLD للوصول إلى آلاف القصص المتميزة المنسقة، وأكثر من 9000 مجلة وصحيفة.
هل أنت مشترك بالفعل؟ تسجيل الدخول
المزيد من القصص من Forbes Middle East - English
Forbes Middle East - English
CAPITAL IN TRANSITION
As Saudi Arabia diversifies beyond oil, capital is moving into new sectors. For Saudi billionaire Ajlan Abdulaziz Alajlan, Chairman of Ajlan & Bros Group, that shift is already shaping his strategy.
5 mins
April - May 2026 English Edition
Forbes Middle East - English
THE MIDDLE EAST'S MOST IMPACTFUL REAL ESTATE LEADERS 2026
Sajwani founded DAMAC Properties in 2002. In 2025, DAMAC reported $9.8 billion in sales.
2 mins
April - May 2026 English Edition
Forbes Middle East - English
The Youngest Arab Billionaire In 2026
Unlike developers who scale through long-term, phased masterplans, Abbas Sajwani, Founder and CEO of AHS Properties, focuses on acquiring, repositioning, and monetizing high-value assets in Dubai's ultra-luxury commercial and residential market.
2 mins
April - May 2026 English Edition
Forbes Middle East - English
THE WORLD'S RICHEST ARABS 2026
36 billionaires across seven countries, with a combined net worth of $137.3 billion
1 mins
April - May 2026 English Edition
Forbes Middle East - English
BUILDING BEYOND BRICKS
Waleed Mohammad Al Zaabi, founder and owner of Tiger Holding, has built skyscrapers across the Middle East and grown a business that now spans construction, real estate, hospitality, engineering, education, facilities management, and industrial services.
7 mins
April - May 2026 English Edition
Forbes Middle East - English
PLANNING BOLDLY, NAVIGATING MARKET SHIFTS
Ahmed Al Ammadi, CEO of Diyar Al Muharraq, is leading one of Bahrain's largest and most active master-planned communities-spanning 12 square kilometers-through shifting market dynamics and regional uncertainty.
6 mins
April - May 2026 English Edition
Forbes Middle East - English
TOP 10 CONSTRUCTION COMPANIES 2026
The Middle East's construction sector continues to expand, driven by major infrastructure and real estate projects. This year's list of The Middle East's Top 10 Construction Companies 2026 highlights firms with a strong track record of project execution, solid financial performance, and multi-billion-dollar project backlogs.
4 mins
April - May 2026 English Edition
Forbes Middle East - English
HOW CULTURE BECAME A CORE ASSET
With the $1 billion Grand Egyptian Museum opening, drawing an average of 19,000 visitors per day, it's clear that culture is no longer a decorative afterthought. As cities compete for capital, talent, and global relevance, it has become a core economic engine.
4 mins
April - May 2026 English Edition
Forbes Middle East - English
THE HUMAN BLUEPRINT BEHIND A LUXURY PROPERTY EMPIRE
Masih Imtiaz, CEO of family-run business Imtiaz Developments, defied Dubai's high-velocity real estate playbook by putting empathy at the center.
5 mins
April - May 2026 English Edition
Forbes Middle East - English
The World's Celebrity Billionaires
From newcomer Roger Federer to Oprah Winfrey, here are the 22 athletes and entertainers who have translated their fame into ten-figure fortunes.
1 min
April - May 2026 English Edition
Listen
Translate
Change font size

