Jim Moaddab, COO at F&B specialist Caramel Group gives his insight into the company’s expansion plans and the UAE restaurant market.
Local restaurant chief warns the Emirates’ F&B market is being spread too thinly.
The emirate came closely behind London, and significantly ahead of New York, Moscow and Shanghai
The 372-room hotel is part of the developer’s 28,000 square metre expansion of the Ibn Battuta mall complex.
UAE contractors United Engineering Construction and Actco General Contracting Company win contract to build the new complex, located in Palm Jumeirah.
Founder-owned fashion firm Cavalli has for some time been looking for a partner or a buyer to bring in new funds.
The $1 billion mall will consist of 450 stores and 85 restaurants.
Gulf Contracting Company, in a joint venture with ALEC Qatar, won the contract for the mega project.
The 10,000 sq ft drift go-karting circuit will be operated by Italian engineering company Augusta Re Consulting.
The franchise agreement includes plans to setup 15 restaurants in the UAE over the next four years.
The supermarket chain plans to open five outlets across Malaysia in the next two years.
The move is part of mall operator Majid Al Futtaim’s $29.3 million redevelopment plan for Oman.
The stores, located in Europe’s Benelux region, will be operated by Wadi Degla Holding.
The company, a franchise operator of restaurants including KFC and Pizza Hut, made $64.4 million in the first three months of 2014.
The JV will see parcel lockers for the collection of e-commerce purchases setup across the region.
Tesco frozen, dry grocery, organic food and FMCG products will available during the first stage of the rollout, the retailer said.
The fashion retailer is planning to expand across locations in the Middle East, Eastern Europe and Central and Southern Asia.
Investcorp said the acquisition would help Totes Isotoner expand its geographic footprint and product range.
The waterfront development includes 225 residential apartments and a 200 room five star hotel.
Profit climbed to SAR190.8 million ($50.9 million) in the quarter, the company said in a statement.
The company made a profit of 423 million riyals in the first three months of 2014, up from 295 million riyals in the year-earlier period.
The Abu Dhabi-based group will invest around $200 million in its hypermarkets across Malaysia.
From early July, shops may be required to close at 9pm instead of midnight.
Riyadh-based Kudu operates more than 200 restaurants in the Kingdom.
The Landmark group hopes to have at least 10 Oasis Centre malls operational across the GCC by the end of 2015.
Dubai-based Marka said it will introduce global franchises and brands to the Gulf, allowing it to build a customer base quickly.
The UAE capital has 778,000 sq m of new retail space in its development pipeline, says CBRE.
Both the hotels are scheduled to open in July 2014.
Sources had said that Kuwait’s billionaire al-Kharafi family was looking to sell Americana and had hired bankers to explore a deal.
Jarir made 201.3 million riyals ($53.7 million) in the first three months of 2014.