Tuesday 29 September 2020

Global Franchise Market opens in Dubai

DUBAI, October 29, 2017

More than 60 brands from over 55 countries are displaying the  latest local and international brands, products, and services at The Global Franchise Market (TGFM) that opened in Dubai, UAE today (October 29).

The second edition of the event was inaugurated today by Ali Ibrahim, deputy director general of Dubai Economy at the Dubai International Convention and Exhibition Centre.

“Franchising continues to evolve as a strong business model and valuable opportunity for business expansion. An entrepreneurial hub and gateway like Dubai by itself is an excellent platform for franchisee businesses and the emirate’s flagship retail sector holds vast potential for franchising to move to the next level,” said Ibrahim.

Anas Al Madani, vice chairman and Group CEO of Index Holding, said: “The Global Franchise Market in its 2nd edition is witnessing an exciting mix of franchise concepts present on the exhibition floor. F&B brands remain the leading sector participating at TGFM (60 per cent) followed by services (32 per cent) and retail (16 per cent).”

Al Madani added: “As franchising in the region continue to grow, we are thrilled to see companies from countries like Peru and Australia exhibiting at the show this year. This proves that Dubai remains the hub for franchise expansion in the region.”

“Around 1,500 investors are expected to attend the 2-day event proving that there is a great desire for investment in franchise concepts, with a prominent participation from the Kingdom of Saudi Arabia, UAE, and Kuwait. We are also witnessing this year a remarkable participation from India and the UK,” Al Madani concluded.

Imad Charaf Eddine, chairman of Francorp Middle East said: “Through this event, we seek to educate, inform and spread awareness of the franchising know-how throughout the GCC and the Middle East regions, and support businesses to franchise successfully on the local and international level. Franchising is the future growth and expansion solution for many small and medium business owners. It is a way for individuals to benefit from the infrastructure and expertise of an existing business, but with the autonomy of running a business themselves. Simply, Franchising can work wonders.”

The Global Franchise Market (TGFM) is organized by Index Conferences & Exhibitions, member of Index Holding. TGFM is supported by Dubai Economy, Franchise Souq, UAE-India Business Council, World Franchise Associates and is sponsored by Francorp Middle East, a leading franchise consulting firm and Shams – Sharjah Media City. – TradeArabia News Service


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