Juma Al Majid is a patient man. Describing how he built his business empire, he says: "I deeply believe that small continuous growth is far better than rapid, random [expansion]. I rely on a two to five per cent growth strategy. I don't look for 100 per cent or even 50 per cent growth because this needs big management."
And he does not embark on any venture until he has completed thorough research and is convinced the business will succeed. Today, the Al Majid Group comprises more than 40 companies in engineering, retail, automotive and investment — to name but a few — across the world.
Al Majid says it's the sea that taught him to be patient. When he was eight, he used to accompany his father, who owned two boats, on pearl-diving trips. During the summer, he would serve refreshments on the boats for a few rupees.
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