Abu Dhabi: Franchising continues to evolve as a strong business model and valuable opportunity for business expansion in Dubai, a senior government official said after inaugurating the second edition of the Global Franchise Market (TGFM) exhibition at the Dubai International Convention and Exhibition Centre on Sunday.
“Franchising continues to evolve as a strong business model and valuable opportunity for business expansion,” said Ali Ebrahim, deputy director-general of Dubai Economy. “An entrepreneurial hub and gateway like Dubai by itself is an excellent platform for franchisee businesses and the emirate’s flagship retail sector holds vast potential for franchising to move to the next level.”
More than 60 brands from over 55 countries are being displayed at the event.
- Anas Al Madani | Vice-chairman and Group CEO of Index Holding
In its second edition, the Global Franchise Market is witnessing an exciting mix of franchise concepts being unveiled, according to Anas Al Madani, vice-chairman and group CEO of Index Holding.
The food & beverage (F&B) sector leaders participation by sector (60 per cent) followed by services (32 per cent) and retail (16 per cent).
“As franchising in the region continue to grow, we are thrilled to see companies from countries like Peru and Australia exhibiting at the show this year. This proves that Dubai remains the hub for franchise expansion in the region,” Al Madani said.
Around 1,500 investors are expected to attend the two-day event, with prominent participation from Saudi Arabia, the UAE and Kuwait.
“We are also witnessing this year a remarkable participation from India and the UK,” Al Madani added.
