McDonald's remains committed to 100-store United Arab Emirates expansion, as world's largest restaurant chain sees H1 sales growth, raises forecasts for H2
September 6, 2011
– McDonald’s Corp. remains committed to a 100-store expansion in the United Arab Emirates, as the world’s largest restaurant chain sees first-half sales growth and raises its second-half forecasts, Khaleej Times reported Aug. 31.
The expansion to 100 stores from its current 90 by the end of 2011 or early 2012 is expected to cost about DH30 million, said UAE managing director Rafic Fakih.
So far this year, McDonald’s, which has been doing business in the country since 1994, has opened six outlets and plans to inaugurate another eight before the end of the year, while expanding beverage and food offerings, the publication stated.
McDonald’s UAE recently partnered with Neutral Fuels LLC to produce pure biodiesel from the restaurants’ used vegetable oil, which will then be used to fuel McDonald’s logistics fleet.
The primary source of this article is Khaleej Times, Dubai, United Arab Emirates, on Aug. 31, 2011.