Wednesday , June 26 2019

Franchise market in UAE poised to grow immensely

DUBAI / WAM

Dubai is set to host the 3rd edition of The Global Franchise Market Exhibition (TGFM), the official franchising event in Dubai offering a dedicated platform for local and international ‘franchisors’ and ‘franchisees’ to explore new business partnerships and investment opportunities, on the December 5-6 this year, at the Dubai International Convention and Exhibition Centre.
This year, TGFM will bring together leading investors, master franchisees, licensees, entrepreneurs, and leading brands in various sectors and it is expected to attract over 2,000 visitors and participants and witness the participation of over 100 leading brands from 80 countries. The exhibition will feature also five pavilions for participating countries like Saudi Arabia, Oman, Kuwait, Malaysia and Turkey. TGFM will offer a great platform for B2B meetings at the exhibition while also awarding participating brands with the ‘best stand design’ and ‘best stand activity’ prizes to recognize their unique contribution.
As a testament to its growing reputation for generating great value on investment for exhibitors, last year, 42 percent of exhibitors generated business value between $100,000 to $500,000 while 18 percent generated business value between $500,000 to $1 million and three percent even generated business worth more than $1 million.
“The Global Franchise Market Conference and Exhibition – TGFM 2018 comes at a time when the Franchise market in the UAE is set to grow immensely owing to a series of business-friendly policies and regulations implemented by the UAE leadership as well as UAE’s strong economic growth, high purchasing power among consumers, consumption patterns, and the increasing penetration of international franchise brands. Franchising has developed extensively in the UAE over a short time, especially in the food and beverage sector, which according to a survey by a global audit firm KPMG, has grown by nearly four percent annually, increasing from $11.3 billion in 2014 to reach $13.2 billion this year”, said Anas Al Madani, Vice Chairman and Group CEO of INDEX Holding.
According to the Dubai Chamber of Commerce and Industry, F&B continues to dominate the franchise market in the region and the industry was the second largest spending category for UAE consumers, totaling $24.8 billion last year. In addition, fast food is expected to account for 40 percent of the franchising market and industry experts expect the region’s F&B franchisees to grow by more than 25 percent in the coming years and maintain their dominance over other sectors like education and healthcare services.
The Global Franchise Market is organised annually by INDEX Conferences and Exhibitions – a member of INDEX Holding with the support of Department of Economic Development – Dubai and under the strategic partnership of Franchise Souq and Francorp Middle East.

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