Wednesday 12 August 2020

$7.4m deals signed at Abu Dhabi franchise expo

ABU DHABI, October 24, 2019

The recently concluded 7th edition of the International Franchise Exhibition in Abu Dhabi, UAE was attended by over 5,000 visitors including investors and SMEs resulting in the signing of deals worth over Dh27 million ($7.4 million).

The event was organized by Abu Dhabi Chamber of Commerce and Industry in strategic partnership with Emirates Association for Franchise Development.

Abdullah Ghurair Al-Qubaisi, deputy director general of the Abu Dhabi Chamber, said: “The seventh edition of the International Franchise Exhibition has been a huge success. The exhibition hosted over 100 international and local exhibitors from over 15 different sectors and we have witnessed new deals and collaborations come into effect.”

“This exhibition has proven to be a successful platform for local investors, prospective franchisees, SMEs, as well as entrepreneurs to showcase their businesses and secure investments. The new deals signed at the event are a clear indication of the opportunities for franchise growth here in the UAE.

“We have also been delighted to have had the opportunity to host the 51st World Franchise Council meeting and meet with leaders of the franchise community from over 42 countries from across the world including USA, Russia, Portugal, Egypt, Singapore, UK and China who gathered to discuss the main challenges facing emerging franchising worldwide such as government legislation, policies and best practices.

“We had the opportunity to show the representatives, the innovative and unique business concepts in the region and potential opportunities for collaboration and the forthcoming outcomes from this meeting we are sure will continue to drive the franchise market not only here in the UAE but globally,” he added.

The two-day International Franchise Exhibition provided workshops and interactive sessions providing an important platform for communication with major international and local brands to engage investors, in addition to showcasing ideas for new and innovative projects from SMEs and pioneering businesses and entrepreneurs presenting Franchise opportunities. – TradeArabia News Service


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