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FINANCIAL NEWS
AWGAL to invest USD13.6m to open US fast food brands in UAE
14 Nov 2012
(MENAFN) AWGAL Investments’ CEO, Zubair A Razzaq, stated that the Dubai-based company plans to spend USD13.6 million to open 3 US-based fast food brands in the UAE, reported Arabian Business.
Razzaq said that the brands include burger chain Mooyah, Dunn Bros Coffee and chicken-wing brand Wingstop.
He noted that at the current time, the company is in discussions with Texas farmers to invest in cattle farms in order to produce halal-certified US- approved beef, adding that AWGAL will probably invest in its own ranches for the product.
Over the coming 10 years, the firm will launch 15 Mooyah-branded outlets, with a restaurant being built currently in Ibn Battuta, in addition to 10 Dunn Bros Coffee stores; moreover, AWGAL is in talks at the current time with Wingstop to franchise in the UAE.
It is worth noting that AWGAL, which distributes and owns franchise rights for a number of US-based food and beverage brands, began its operations earlier this year.
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