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US Fast Food Chain Eyes 58 More Mideast Outlets
US fast food chain Fatburger plans to open 58 stores in the region, the company said in a statement.
“Despite the recent downturn in the domestic economy, the international market is on fire,” said Andy Wiederhorn, Chairman of Fatburger.
“The Middle East and Asia Pacific are becoming exciting territories for us. Our current locations in these regions have been extremely well received.”
The LA-based chain, which is part of the Fog Cutter Capital Group, plans to open 17 stores in Saudi Arabia and five new stores in Kuwait, while it has also signed deals to open 30 stores in Qatar, Egypt, Lebanon, Jordan, Syria and Oman.
In 2008, Fatburger opened its first store in Dubai at the Dubai Mall and it has plans for six more in the city.
This comes despite reports in November that McDonald’s – the largest hamburger fast food chain in the world – saw its sales in the Middle East, Asia/Pacific and North Africa region drop one percent, compared to a rise of 0.7 percent globally.