‘Franchise UAE 2012’ an international franchise, retail, SME and business opportunity show organised by Franchise Middle East (ME) is into its 2nd day today.
‘Franchise UAE 2012’ an international franchise, retail, SME and business opportunity show organised by Franchise Middle East (ME) is into its 2nd day today. The 3rdFranchise UAE trade event, scheduled for May 9-10, 2012, was inaugurated yesterday at the Crowne Plaza Hotel, Sheikh Zayed Road, Dubai. Speaking at the inauguration of the event, Farid Karmostaji, Director of Entrepreneur Development Division of Sheikh Mohammed Bin Rashid Establishment for SME Development (Dubai SME) said, “An increasing number of companies were looking at Dubai as a base, and a good number of franchisors were keen to set up outlets in the emirate. Earlier, the concept of franchising was not very clear to some entrepreneurs, but today many local companies are keen to take the franchising route.” He further said that the growing size of Franchise UAE exhibition was a proof that the SME sector is vibrant and this is an indicator that Dubai continues to be a preferred destination for entrepreneurs.
Mohammad Al Madani, Chairman and CEO, Al Madani Group of Companies said: “The platforms like Franchise UAE serve to open the doors to new ideas”, and complimented the organisers for bringing together successful brands that are suited to the franchising model.
Gaurav Marya, MD, Franchise ME stated: “The participation of 75 exhibitors from all over the world was a proof that Dubai serves as a gateway and a business destination of choice. The earlier era of a handful of mega companies monopolising the franchise industry is being replaced by small and medium players launching franchisees. Another significant development in franchising is the emergence of local brands which are now ready to go global, thus signifying a paradigm shift in franchising business and demonstrating a maturity that was not there a decade ago.
Franchise Middle East, an overseas arm of Franchise India Holdings Ltd (FIHL) offers integrated business solutions in franchising, licensing, retailing, real estate and marketing in Middle East, Franchise Middle East (ME) is the overseas arm of FIHL.