Binghatti says to invest $136m in retail expansion over next three years
Binghatti Hospitality, the hospitality arm of Binghatti Holding, has announced plans to open 200 Cupagahwa branches across the UAE and Saudi Arabia within three years.
The company said it plans to invest over AED500 million ($136 million) to expand the café and restaurant brand after opening a new branch in A’l Bahar Corniche in Abu Dhabi.
New outlets will also open soon in Sharjah’s University City, Cupagahwa JBR at The Walk Jumeirah Beach Residences, and a branch Cupagahwa DIFC in Dubai International Financial Centre’s Gate Avenue.
Binghatti added in a statement that the expansion will be supported by a 6,000 sq ft central kitchen facility which will produce Cupagahwa’s signature menu offerings for the Dubai, Abu Dhabi, and Sharjah branches.
The Cupagahwa cafés and restaurants offer a range of exclusive dishes of local Emirati flavours such as Shakshuka, Balaleet, Fish Machboos and Chicken Machboos.
Muhammad BinGhatti, Binghatti Holding’s CEO said: "We are proud to offer unique options to enjoy local Emirati flavours as well as western ones in the already operating Cupagahwa branches. We would like to expand the success of Cupagahwa all over the UAE and Saudi Arabia. Located in unexpected and exciting locations, Cupagahwa cafés and restaurants are excellent alternatives to fine-dining and fast-food restaurants.”
He added: “We are continuously looking to develop and expand our hospitality portfolio in the UAE and other GCC countries to provide better products and value to our Cupagahwa enthusiasts. Determined to open 200 Cupagahwa branches in the UAE and Saudi Arabia during the three coming years, we are eager to take advantage of the great opportunities offered by the UAE’s environment as well the economic dynamism witnessed Saudi Arabia.”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.