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Wed 30 Mar 2011 06:59 PM

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US fast food chain sees UAE sales up 6% in 2011

Subway eyes 25 new outlets this year, aims to double number of shops in the country by 2015

US fast food chain sees UAE sales up 6% in 2011

US fast food specialist Subway is planning to double the number of outlets it has in the UAE in the next five years, a senior official has said.

The company is looking to increase its shops in the country from 105 to 130 in 2011 and has further plans to expand, Marwan Al Hamar, president of UAE operations revealed.

In comments published by Arabic daily Emarat al Youm, he said that sales of fast food were recovering and seeing a slump during and after the global financial crisis.

Al Hamar added that the sales at Subway outlets in the UAE had rose by six percent during the current year.

The franchise chief told the paper that despite the added costs associated with rising global food prices, landlords in the UAE had refused to cut rents for Subway shops, despite the declines seen in residential rents.

The size of investments in the chain of Subway restaurants in the UAE, he said, was around AED70 million, adding that expansion plans would see more branches in 2011 with outlets doubling by 2015.

Al Hamar said that he remained upbeat about retail prospects in the UAE.

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

As well as the shops in the UAE, Subway also operates 43 restaurants in Saudi Arabia, 16 in Qatar, nine in Oman, 41 in Kuwait and 10 in Bahrain, according to the company's website.

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