A Nigerian expatriate who almost left Dubai due to a lack of funds and without a place to stay is today the proud owner of two of the most popular African restaurants in the city, with plans to open a third in the coming weeks.
Adeyinka Adeduro Fabiyi's journey from being a cook earning a modest Dh800 a month ($217) to becoming a successful restaurateur was incredibly challenging.
However, she attributes her success to her unwavering determination and patience.
"Dubai is a city of dreams, but it also tests your patience. If you are willing to make sacrifices, you will eventually find success," Ms Fabiyi, 50, affectionately known as 'Biggy,' told The National.
A towering figure, she said she earned the nickname 'Biggy' long before she arrived in Dubai.
"It was a random guy who called me 'Biggy' for the first time at an event in Nigeria. I used to cook at exhibitions and trade fairs but never had a brand name.
"My friends suggested that it was a good name to represent my food. From then on, my food and the first restaurant I opened in my hometown Lagos became known as 'Biggy'."
Today, 'Biggy' is not only a symbol of her remarkable journey but also the brand behind her thriving restaurant chain in Dubai, which she hopes to bring to other countries in the region.
Difficult start
While having a successful business in Nigeria, Ms Fabiyi decided to come to Dubai in 2004 after one of her cousins, who used to regularly travel to the emirate, convinced her to take up a job in a restaurant.
But little did she know that the restaurant would be a small, humble eatery in Deira where she would single-handedly have to manage every aspect, from grocery shopping to cooking and serving guests.
She said those two years were the hardest in her life.
"I thought I made the biggest mistake by giving up my restaurant in Nigeria and coming to Dubai.”
Distressed and with little money to show for her time in Dubai, Ms Fabiyi had decided to leave for good but her brother, who is a pastor in London, dissuaded her.
“He prayed for me and said, 'God sent you here. Dubai is your Jerusalem. This is where you belong'.
“He is a man of God. Maybe he knows what I don’t know. And I decided to stay, albeit reluctantly.”
First Biggy's in Dubai
Ms Fabiyi says that was the best decision of her life as things fell into place. A few years later and a job change in between, she opened her first Biggy restaurant in Blue Diamond Hotel in Deira in 2006.
She soon closed that restaurant but opened another one in Al Arraf Hotel, Deira in 2007.
Beginning with just one table, her restaurant grew in popularity, boasting ten tables today and is now one of Dubai's most renowned African restaurants.
In 2019, she expanded further by opening her second Biggy in Al Nahda, Dubai, with plans for a new branch in Dubai Marina soon.
The fame of Biggy’s has grown over the years and Ms Fabiyi’s clients include celebrities like Nigerian singer and playwright Wizkid and Emirati vlogger Khalid Al Ameri.
“My jollof rice is the most sought-after in town. Whenever we have African dignitaries or celebrities in town, they ask me to cook for them. I also cater for house and yacht parties,” she said.
With a total of 35 staff members working for her, Ms Fabiyi says her plan is to expand her restaurant chain throughout the GCC and popularise African food.
Even as her fortunes have grown, she says the lesson she learnt is never to run after quick money and to treat her employees well.
“What I have realised is that Dubai has all the rules to protect workers. It is bad employers who break these rules," Ms Fabiyi said.
“I suffered a lot because of that and I want to make sure that I don’t pass it over to my employees. I want to grow with the city and don’t give it a bad name by treating my people poorly.”
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Maratha Arabians 138-2
C Lynn 91*, A Lyth 20, B Laughlin 1-15
Team Abu Dhabi 114-3
L Wright 40*, L Malinga 0-13, M McClenaghan 1-17
Maratha Arabians won by 24 runs
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Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.
Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.
“Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.
Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.
“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.
Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.
From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.
Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.
BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.
Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG.
Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.
“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.
Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure.
“What we have seen is a desire for higher returns in what has been a low-return environment specifically in various fixed income or bonds,” he said.
“In this environment, we have seen a de facto increase in the risk that clients are taking in things like illiquid investments, private equity investments, infrastructure and private debt, those kind of investments were higher illiquidity results in incrementally higher returns.”
The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”
The Bio
Favourite Emirati dish: I have so many because it has a lot of herbs and vegetables. Harees (oats with chicken) is one of them
Favourite place to go to: Dubai Mall because it has lots of sports shops.
Her motivation: My performance because I know that whatever I do, if I put the effort in, I’ll get results
During her free time: I like to drink coffee - a latte no sugar and no flavours. I do not like cold drinks
Pet peeve: That with every meal they give you a fries and Pepsi. That is so unhealthy
Advice to anyone who wants to be an ironman: Go for the goal. If you are consistent, you will get there. With the first one, it might not be what they want but they should start and just do it
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Midfielders: Toshihiro Aoyama, Genki Haraguchi, Gaku Shibasaki, Wataru Endo, Junya Ito, Shoya Nakajima, Takumi Minamino, Hidemasa Morita, Ritsu Doan
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BIO
Favourite holiday destination: Turkey - because the government look after animals so well there.
Favourite film: I love scary movies. I have so many favourites but The Ring stands out.
Favourite book: The Lord of the Rings. I didn’t like the movies but I loved the books.
Favourite colour: Black.
Favourite music: Hard rock. I actually also perform as a rock DJ in Dubai.
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Transmission: Seven-speed automatic
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