Latest news with #NationalFranchiseCommittee
Arab News
14-05-2025
- Business
- Arab News
Saudi brands eyeing global expansion get boost at expo
The first International Floating Franchise Exhibition concluded its events with remarkable success aboard the luxurious Aroya Cruise, with wide international participation from representatives of 24 countries. Held under the patronage of the Federation of Saudi Chambers, the event witnessed the signing of several international and local agreements aimed at enhancing the global presence of Saudi brands and positioning the Kingdom as a regional and global hub for franchise business. The closing ceremony commenced with a keynote speech highlighting the Saudi identity and its mission to promote a global culture of business through the initiative 'Saudi Franchise to the World,' which served as the central theme of the exhibition. During the event, cooperation agreements were signed between the National Franchise Committee and entities from several countries including the UK, South Korea, South Africa, and China, as part of a broader effort to support the international expansion of Saudi brands and attract foreign investments. In addition, local agreements were signed with key government entities such as Monsha'at (Small and Medium Enterprises General Authority) and the Social Development Bank, to strengthen the infrastructure of the franchise sector within the Kingdom. In his closing remarks, Dr. Khalid Al-Ghamdi, chairman of the National Franchise Committee, emphasized the exhibition's strategic objectives, including: • Launching a specialized investment fund to support Saudi brands and empower their expansion into international markets. • ntroducing an interactive digital platform designed to connect Saudi brands with global investors, providing qualification, marketing, and technical support services to streamline international franchising. • Establishing a national company for the alliance of Saudi brands, aimed at facilitating collective global expansion through strategic partnerships, joint procurement, and service integration. The closing ceremony also included the recognition of sponsoring companies, government and international partners, and the Saudi Restaurants and Cafes Owners Association, in appreciation of their vital role in the exhibition's success. Dr. Al-Ghamdi announced that preparations are underway to host the next floating exhibition in Istanbul, further reflecting the committee's commitment to expanding the global footprint of Saudi franchising. He concluded by expressing his sincere gratitude to the team at the Federation of Saudi Chambers, and the crew of Aroya Cruise, a subsidiary of the Public Investment Fund, praising their dedication and outstanding efforts in delivering this exceptional event. The exhibition ran for three days, featuring 10 interactive workshops led by experts from various countries, alongside showcases of a wide array of Saudi brands eager to expand internationally — all aligning with Saudi Arabia's Vision 2030, which seeks to establish the Kingdom as a global center for franchising.
Arab News
16-04-2025
- Business
- Arab News
Aroya to host first Saudi floating franchise expo
The National Franchise Committee, in partnership with Aroya Cruises, has finalized preparations for the first-of-its-kind floating exhibition dedicated to franchising. The initiative, led by the Federation of Saudi Chambers, was formalized through an agreement signed by Dr. Khalid Al-Ghamdi, chairman of the National Franchise Committee, and Alaa Tashkandi, general sales manager at Aroya Cruises. The International Floating Franchise Exhibition will take place aboard the luxurious Aroya cruise ship from May 5-8. The announcement came during a press conference held onboard the Aroya cruise in Jeddah, attended by various media representatives. The organizing committee unveiled details of the ship's facilities that will host the expo, including halls, theaters, meeting rooms, and other logistical preparations. Dr. Al-Ghamdi said that hosting the exhibition at sea symbolizes the global potential of Saudi brands, adding that the committee is working on a strategic initiative to accelerate the international expansion of Saudi franchises. Tashkandi said that Aroya Cruises is fully equipped to host major exhibitions and commercial events, offering world-class amenities that promise an exceptional and unique experience for global attendees. The Federation of Saudi Chambers, represented by the National Franchise Committee, had previously announced plans to organize the inaugural International Floating Franchise Exhibition from May 5–8, aboard the Aroya cruise ship in Jeddah.
Argaam
31-01-2025
- Business
- Argaam
Saudi franchise market valued at SAR 54B: Official
Khalid Al-Ghamdi, Chairman of the National Franchise Committee, said the franchise market in Saudi Arabia is valued at approximately SAR 54 billion, representing 50% of the Middle East market, the state-run SPA reported. There are more than 1,200 brands and 15 outlets in the local franchise sector, Al-Ghamdi said on the sidelines of the Saudi Franchise Expo held in Riyadh. He added that the Federation of Saudi Chambers has become the strategic partner of the Saudi Franchise Expo, noting that 437 deals worth over SAR 400 million were signed. The signed franchise agreements cover 10 regions in the Kingdom, Riyadh, Jeddah, Madinah, Eastern Province, Jazan, Najran, Taif, Qassim, Hail, and Hafar Al-Batin. Internationally, they extend to the UAE, Qatar, Bahrain, and Iraq. Al-Ghamdi highlighted the committee's efforts to support Saudi brands through enabling financing and addressing sector challenges. He also noted that the committee is currently working on a plan to introduce 100 Saudi brands to international markets, leveraging the high quality and strong reputation of national products.
