UAE loves Big Macs
United Arab Emirates: Wednesday, April 30 - 2008 at 07:10
The fast-food chain McDonald's is cashing in on the region's booming growth, selling an average of 24 million sandwiches a year to the UAE population of 5.1 million residents plus tourists, reported Gulf News. The company has seen 10-20% annual growth in 2007, and plans to open 10 new outlets in the UAE this year, said Rafic Fakih, managing director of Emirates Fast Food Company, the franchisee of McDonald's Emirates. The average cost of a McDonald's restaurant is Dhs1.5-Dhs2.5 million ($409k-$681k) and the investment in the 10 new branches will be Dhs20-Dhs25 million.
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Jeff Florian, Senior ReporterWednesday, April 30 - 2008 at 07:10 UAE local time (GMT+4)
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