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Wednesday, 13 December 2017

Arby’s to open 50 restaurants in Egypt in 2018?

INVESTMENT WATCH- Arby’s is coming back to Egypt. Atlanta fast food chain Arby’s signed a development agreement to open 50 restaurants in Egypt in 2018 with franchisee Vantage Egypt for Tourism and Entertainment, according to the Atlanta Business Chronicle. “We are very determined to make Arby’s one of the most successful restaurant concepts in the Egyptian market,” said Mohamed Halawa, head Vantage Egypt, which owns and operates Papa John’s Pizza in Egypt. Arby’s is also opening locations in Kuwait and Saudi Arabia through Kharafi Global as part of Middle East expansion. Last month, the company had made a bid to acquire Buffalo Wild Wings for USD 2.4 bn. Arby’s had a toehold in Egypt 17 years ago when one of us was a fresh-off-the-boat khawaga, but closed its last outlet soon thereafter.

Do you want fries with that? Buffalo-based specialty french fry cafe, Get Fried, is also coming to Egypt and other locations in the Middle East, Buffalo Business First says (paywall). The french fry restaurant currently has branches in New York, Texas, and California.

Enterprise is a daily publication of Enterprise Ventures LLC, an Egyptian limited liability company (commercial register 83594), and a subsidiary of Inktank Communications. Summaries are intended for guidance only and are provided on an as-is basis; kindly refer to the source article in its original language prior to undertaking any action. Neither Enterprise Ventures nor its staff assume any responsibility or liability for the accuracy of the information contained in this publication, whether in the form of summaries or analysis. © 2018 Enterprise Ventures LLC.