Egyptian fast food chain Cook Door is set to establish around 75 new branches in the Saudi Capital Riyadh within the coming five years.
International Company for Food Industries – ICFI ,owner of Cook Door brand, signed the franchise agreement with Saudi Nawaf company on Sunday.
Managing Director of ICFI, Emad El El-Saied stated that the agreement comes among firm’s plan to expand in a number of markets notably Gulf states and Africa.
He asserted that the total investments of ICFI in the Egyptian market is estimated at around 700 million, 500 million pounds of which are seized by Cook Door.
ICFI plans to boost its investments volume to more than one billion pounds within five years after executing its expansionary strategy.
The company also plans increasing the number of Cook Door branches in Egypt from 72 to 120, the official clarified.