TABCo Food has made quite the name for itself in Kuwait by exclusively managing the Elevation Burger brand. What propelled the brand’s beginning in the country was a well-formulated operation manual, which Abdulaziz AlTuraiji, Co-Founder and CEO, TABCo Food, refers to as ‘the benchmark’ that set them up for success.
Looking back, he tells us about the trifecta of challenges that stood before them.
“Our first challenge as a new entrant to the market was figuring out its size, key elements, customers’ purchasing behavior, and so on. The second challenge was ensuring that we were maintaining robust legal and government relations. The third, and the most important one, was finding and hiring the right talent,” he says.
Mr. AlTuraiji underlines the importance of having a complete overview of the industry conditions, staying on top and being prepared for any policy and regulatory changes, and maintaining the sharpest focus on ‘the human element,’ i.e., talent.
He explains that while every new entrant faces some (or all) of these challenges, the market conditions that Kuwait is predisposed to make setting up a business in the country a unique affair.
When it comes to raising capital, he thinks it is not as big a concern in Kuwait as it might be elsewhere. He says, “I believe if you have a good idea, then the market will help you get it funded — be it through private funding, friends and family, investment opportunities, or through government policies, such as the SME’s fund, among other options.”
“If you can distinguish yourself, address the threats from your competition, and plan to do something innovative, you will be rewarded,” he adds. He further expresses that repeating something that already exists does not add any value to the market and, therefore, bears no fruit. Innovation is key.
We believe these factors help us distinguish ourselves significantly in the market.
Mr. Abdulaziz sees his role as a continuation of building the dynamic foundation built in the first seven years under the leadership of his partner, Ali Ashkanani and the previous management.
He recalls a scenario from the pandemic when his organization was out of chicken for a year. “We didn’t want to substitute our USDA-certified organic chicken with something we thought was subpar. We decided we would rather go out of chicken than serve something that might need explaining. It was a call of ethics and of paramount importance to us because we strive to stay truthful to our values and to what we have communicated to the market, even if it means bleeding capital,” he expressed.
Kuwait’s import dependence is a challenge for Mr. Abdulaziz as it is for many others in the industry. But what sets his brand apart is the organizational ethos that he shares.
He says, “It is absolutely challenging to find good, sustainable products throughout the year, considering we live in the desert and cannot access everything we need. However, we are trying to overcome this by working with young entrepreneurs in the agricultural industry who are trying to advance in this space.”