Gulf franchise holding company to be established

Published June 26th, 2001 - 02:00 GMT

In cooperation with a number of investors from the Arabian Gulf region, the Kuwaiti-based International Investment House recently began undertaking measures to establish a close-end enterprise entitled the Gulf Franchises Holding Company. 

 

Capital of the new enterprise was estimated at 10 million Kuwaiti dinars ($33 million), according to Al-Hayat daily. The launch of this company follows the rapidly expanding international franchise sector, especially in the food and retail markets. ― (MENA Report)

© 2001 Mena Report (www.menareport.com)


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