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Bubba Gump Shrimp Co. and Mubarak Al-Hassawi Restaurant Development Group Seal Middle East Franchise Deal

February 16th, 2008 | Author: Jack

Biz.Yahoo:

bubbba-gump-logo.jpg

Bubba Gump Shrimp Co. Restaurants, Inc., recently agreed to provide exclusive Middle East franchise rights to Mubarak Al-Hassawi Restaurant Development Group.

The deal, for a minimum of 12 units by 2020, is worth $50 to $60 million in projected revenue and covers an area including the U.A.E., Kingdom of Saudi Arabia, Kuwait, Qatar, Egypt, Jordan, Oman and Lebanon. The first location is scheduled for operation in Dubai in the fourth quarter of 2008.

The Mubarak Al-Hassawi Restaurant Development Group is comprised of several international companies that specialize in hospitality, real estate and industrial manufacturing.

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