Expo to explore ME’s $30bn franchise market
Dubai, September 7, 2011
The Middle East’s $30 billion franchising market will come under spotlight at an upcoming international franchise, retail and business opportunity show in Dubai.
The second edition of Franchise UAE will take place October 1 and 2 at Crowne Plaza Hotel, Deira.
The event is organised by Franchise Middle East and supported by Dubai SME – an agency of Department of Economic and Development of Dubai, Ruwad Establishment, Middle East Franchising, Dubai Chamber of Commerce & Industry, Indian Franchise Association (IFA) and Commercial Office of UAE Embassy, New Delhi.
“The overwhelming response to the first edition of 'Franchise UAE' reflected the tremendous interest in franchising in the Gulf,” said Gaurav Marya, managing director, Franchise Middle East.
“The second edition will be a key platform for Indian and international franchise brands looking to make forays into Middle East without risk and significant capital investment. Moreover, it will be a perfect meeting place for UAE Franchise brands to meet partners for business expansion.”
The booming Middle East franchising market, currently growing at 27 per cent annually, presents unparalleled opportunities for growth because of the presence of a large number of high net worth individuals and multi-ethnic populations with high disposable incomes, he added.
Franchise UAE 2011 is a platform for new entrepreneurs, budding enterprises and established small and medium enterprises eyeing new areas for business alliances and strategic associations in Middle East.
Apart from the trade show, the ‘Entrepreneurship Summit, organized as part of the event, will focus on creating regional collaboration networking and entrepreneurship development between India and the Middle East for selecting new and growing business opportunities.
In the Middle East, the franchise market has been largely dominated by American brands with a lion’s share of over 70 per cent.
Traditionally, the franchise opportunities were dominated by fast-food and retail segments, particularly fashion, commanding almost 60 per cent of the total market.
However, as per the current scenario, the franchise business is diversifying and there is a huge scope for big as well as small franchising buyers and sellers in the region.
Huge franchising opportunities are available in several business sectors, including education, apparel, laundry and dry cleaning services, automotive, restaurants, mail and package services, printing and convenience stores. – TradeArabia News Service