Dubai-based food company plans $20m investment

September, 25th 2015

Dubai-based food services company, Hotbrands International (HBI), plans to double the number of restaurants by 2020, both regionally and globally.

The company currently has 50 outlets in the GCC, India and the United States. Among them are 31 quick service and two casual dining restaurants in the UAE, as well as five restaurants in Oman, three in Bahrain and one in Qatar.

Speaking to Emirates 24/7, Avinash Bal, chairman HBI, said they plan to double their outlets in the next six years, with a multi-million investment in stores and infrastructure.

“We currently have 50 restaurants and hope to reach a conservative figure of 100 by 2020,” he said.

“We will invest approximately AED73.4 million ($20 million) in adding new stores and the infrastructure needed to support that.”

Established in 1992, the company’s quick-service restaurant brands include Shamiana, Magic Wok, Santino’s, Sala Thai and Sugoi, while the casual dining restaurant brands include Haru and Pane Caldo.

Source: www.arabianbusiness.com