\nAccording to this year’s ‘How Global is the Business of Retail’ report by CB Richard Ellis, brands from Asia, and more specifically India, have a huge potential for franchising opportunities in the UAE due to their large demographic mix and bright economic future.
\nBut to date, the majority of the franchise market in the Middle East has been held by American and European brands in the fast food and retail categories. For example, Subway entered the Middle East in 1998 and plans to have more than 125 stores opened there by the end of 2012.
\nThe franchise concept is new to many Middle Eastern brands, so until now the US and Europe have been able to dominate the market. There is a big push for the region, and the UAE in particular, to have home businesses expand into franchise avenues.
\nNow is the time to jump on any US-based franchise opportunities in the Middle East before the region’s entrepreneurs and existing businesses take back their market. Here are a few of the newly announced US-based franchising expansions:
\nThey plan on doubling their current number of 104 restaurants in the UAE to more than 200 by 2015, defining the brand as the largest restaurant chain in the UAE.
\nSix stores are slated to be opened in Jordan, the first of which will open this year in west Amman.
\nThey are building on their Middle East success with an additional 30 restaurants over the next five years.
\nAt least 40 stores will open in Saudi Arabia, the first of which is slated to open this September.
\nThis Florida-based company opened their first international store in 2009 in Saudi Arabia and is looking for continued expansion into the area.
\nThe development of fifteen Quiznos locations is planned for Kuwait as part of their international development initiative.
\nThis restaurant chain known for their organic, grass-fed burgers plans to open six restaurants throughout the region. The first location, slated to open in 2012, will be located in Bahrain.
\nThe neighbourhood fitness club has plans to open its first three fitness clubs in Qatar (the first in the Middle Eastern region) by the end of July.
\nThe frozen yogurt concept business will open twelve new stores in the Middle East region.