Business Intelligence Middle East:
Quiznos plans to open new restaurants in the Middle East this year as part of a push to sell its sub sandwiches in international and emerging markets.
President Dave Deno said the Denver-based chain signed development agreements with franchisees in Saudi Arabia and United Arab Emirates and plans to open locations in those countries by the end of the year.
In Saudi Arabia, the company will partner with Gulf Restaurant & Park Co to develop a total of 50 locations in the country, Deno said. Hasan Mohammed Jawad & Sons, the franchisee for the UAE, has also committed to 50 stores.
The company declined to disclose the financial terms of those deals. Deno would not specify the exact dates the agreements were signed, but said both were signed within the last few months.
No comments yet.