By Neil King
Fadi Ghandour to advise online food delivery business on regional expansion plans
The founder, vice chairman and former CEO of Aramex, Fadi Ghandour, has been appointed to the board of online food delivery portal Foodonclick.com.
The business leader, who is a long-time supporter of entrepreneurialism in the region, is also founder of MENA Ventures Investments and a founding partner in Maktoob, the first Arabic-language internet portal which was acquired by Yahoo!.
Now Ghandour has joined the board of Foodonclick.com to help advise the company on its regional expansion plans and strategic direction.
Launched in the UAE in 2010, Foodonlick.com was founded and is owned by Turkish online food delivery company Yemeksepeti, and recently expanded to Qatar and Oman, and aims to be in every Gulf country within the next two years. Last year the company closed a $44m round of funding from New York-based growth equity firm General Atlantic.
Ghandour said: “The Middle East has a strong appetite for a business such as Foodonclick.com. This is owing to many factors including the region’s socio-demographic profile, climatic conditions and its popular food delivery culture.
“Its parent company, Yemeksepeti, is a market leader in Turkey and Foodonclick.com aims to emulate Yemeksepeti’s growth in the Middle East. The company’s scalable and financially sustainable business model, which if combined with the potential of this market, will bring it strong business success.”
Co-founder of Foodonclick.com, Gokhan Akan, said: “Fadi Ghandour is the first name that comes to mind when the word entrepreneurship is mentioned in the MENA region. It is not only Fadi’s strong credentials as a businessman but also his passion for entrepreneurship and innovation that make him the right fit for our business.
“Fadi’s strong business acumen and understanding of the regional market will help us to have the right operational structure at the initial phase of our Middle East expansion. We are confident that having him on board will not only contribute to our regional growth but will also help us to become a global brand.For all the latest retail news from the UAE and Gulf countries, follow us on Twitter and Linkedin, like us on Facebook and subscribe to our YouTube page, which is updated daily.