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Wed 13 Jul 2011 04:52 PM

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Subway on track to double Egypt stores in 2011

US fast food chain plans to run 90 stores in most populous Arab country by 2017

Subway on track to double Egypt stores in 2011
Subway has more than 34,000 outlets in nearly 100 countries around the world

US fast food chain Subway said Wednesday it is on track to
double its outlets in Egypt this year under a plan to operate 90 locations in
the Arab state by 2017.

The sandwich chain plans to grow its outlets in Egypt from
four to eight in 2011, despite the impact of a popular uprising that ousted President
Hosni Mubarak from power in February.

The unrest has crippled the economy of the Arab world’s most
populous state, hurting crucial revenue from tourism and industrial output.

Subway, which has more than 250 restaurants across the Arab
world, said in March it would double the number of stores it had in the UAE
over the next five years. The company plans to operate 130 outlets in the Gulf
Arab state by the year-end, said Marwan Al Hamar, president of UAE operations.

Established in 1965 in Connecticut, US, Subway now has more
than 34,000 outlets in nearly 100 countries around the world.

As well as 106 shops in the UAE, Subway also operates 44
restaurants in Saudi Arabia and in Kuwait, 17 in Qatar, 11 in Jordan and
Bahrain, nine in Oman and five in Lebanon.

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