Alghanim Industries acquired the rights to develop Wendy’s restaurants across the Middle East North Africa (MENA) region from Alamar Foods, a Saudi-based company owned jointly by Al Jammaz Group and the Carlyle Group. The value of the deal remains undisclosed. Alghanim Industries has acquired all operational outlets in the UAE with plans to open additional stores across MENA over the next 10 years. Part of the expansion in the region includes opening stores in Alghanim Industries home market, Kuwait, which has among the highest consumption of fast food per capita in the MENA region. [Link]
It’s interesting that Alghanim are getting into the food industry, makes me wonder what they will be bringing next?