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EPISODE #

32

#32 Cafu’s Rashid Al Ghurair on disrupting the petrol station

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About this episode

Rashid Al Ghurair is the Founder & CEO of Cafu, the first on-demand fuel delivery company in the Middle East that is expanding to become the one-stop-shop for all vehicle needs. Rashid recalls how growing up in one of the UAE’s most successful business families has taught him that “business has no borders” and that he needed to branch out of the family business and leave his own legacy.

We discuss Rashid’s entrepreneurial mindset that led him to launch Cafu and what it took to get such a project off the ground especially when it came to funding. It was surreal to hear Rashid utter the word “bootstrapped” when talking about Cafu. His determination has proven fruitful, Cafu has recently celebrated 6 Million fill-ups.

So how is Cafu disrupting the petrol station? what is the future of mobility and of fuel? How can Cafu grow beyond filling up your car’s tank and where can it expand beyond the UAE? What does Rashid think of competition? We tackle all these questions and more and we get a glimpse into Rashid’s mind.

TABLE OF CONTENTS:

00:00 | Leaving the family business

07:07 | What is Cafu

17:41 | The future of fuel

21:50 | Cafu’s growth plans

25:50 | The role of technology within Cafu

37:09 | The geopolitics of fuel

39:35 | Thoughts on work-life balance, self development and health

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Rashid Al Ghurair - Cafu

guest profile

Rashid Al Ghurair

Rashid Al Ghurair is the Founder and CEO of CAFU, the multi award winning leading fuel delivery and vehicle services platform, recently voted LinkedIn Number 1 Start Up in the UAE.

Rashid graduated from Suffolk University, Boston USA with a Batchelors in Business Management. Constantly struggling with conventional thinking, he was already cultivating thoughts and ideas that would disrupt conventional business models rooted in centuries of history and constant, unchallenged consumer behaviour.

Following in the footsteps of his grand-father and father, who were true entrepreneurs of their generation, Rashid is an entrepreneur of modern times, with a futurist mindset.

Named as one of the world’s most influential Arab’s, Rashid is driven by a constant curiosity and has a talent of genuine foresight, identifying patterns in consumer behaviour and creating solutions to problems that consumers have not yet identified. His thinking connects technology and innovation with a foresight on consumer challenges, providing solutions that consumers then cannot live without.

Rashid is passionate about creating a more sustainable world for all and through CAFU is spearheading the Ghaf Tree Seed project, which uses in-house created drone technology. His vision – to contribute to combating climate change.

This passion for creating a better world extends into philanthropic motivations and actions. Rashid serves as a Member of the Board of Trustees for the Abdulla Al Ghurair Foundation for Education – one of the largest privately funded philanthropic education initiatives in the world. The Foundation empowers Emariti and Arab Youth through education so they can thrive and contribute to the development of the region.

Contribution to the region, his heritage and roots, bears equal importance to Rashid as tackling the global thinking. Rashid was appointed to the Dubai Chamber of Digital Economy, a body with the objective of turning Dubai into a global centre for the digital economy.

As a leader Rashid is described as a true pioneer with a visionary mindset who evokes deep loyalty from his people. He has no space for doubt and the word ‘can’t’ is not allowed inside the walls of CAFU, Rashid drives his team to work out how CAFU ‘can’. Not afraid of admitting what he doesn’t know, and always open to challenge, Rashid surrounds himself with experts who believe in and contribute to his vision every day.

Driven by his constant curiosity Rashid is always on and spends his spare time, when he is not with his Family, reading and watching global technological advancements and trends unfold, considering how consumer behaviour will be changed. It is this very time that created CAFU and continues to ensure that CAFU evolves, continues to disrupt, and creates a path for others to follow.

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