Shakey’s Pizza Asia Ventures Inc. (SPAVI) is set to debut in the United Arab Emirates next year after signing a deal with a Dubai-based group to develop restaurants in this new offshore market. SPAVI signed through its subsidiary Shakey’s Pizza Regional Foods Ltd. an area development agreement with Aljeel Capital LLC, a Dubai-based group, to build at least 10 Shakey’s Pizza outlets in the UAE over a span of five years. The first store, to be located in Dubai, is scheduled for opening in the first half of 2018.
“Dubai, UAE, and the rest of the Middle East are great markets for us. Not only are there strong and welcoming Filipino communities which love the Shakey’s brand and are excited about experiencing it away from home, but there are also tremendous growth opportunities within the mainstream markets there,” SPAVI president Vic Gregorio said in a disclosure.
Firas Hurieh, chief executive officer of Aljeel Capital said: “We are excited about this partnership and more thrilled to bring a solid brand such as Shakey’s to the UAE as there is a huge opportunity to target a wide customer base and grow the brand in the next few years.”
Source: Philippine Daily Inquirer