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Mideast franchises worth $14bn
- United Arab Emirates: Saturday, March 31 - 2007 at 12:24
The franchise industry in the Middle East is worth around $14bn and growing at 27% annually, Gulf News reported. Dubai is emerging as a regional hub, according to an industry expert cited by the daily. The local franchising industry for international food, automotive, electronics and fashion brands is dominated by a select group including the Al Tayer Group, Al Futtaim Group and MH Al Shaye'e Co.
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James McInerney, News EditorSaturday, March 31 - 2007 at 12:24 UAE local time (GMT+4)
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This article was updated on Sun Apr 22 2007.
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