Latest news with #SaudiFranchiseExpo
Trade Arabia
09-02-2025
- Business
- Trade Arabia
Bahrain group Sole Corp shines at Saudi Franchise Expo
Sole Corp, a leading Bahraini franchise company, showcased its major brands at the Saudi Franchise Expo held recently in Riyadh. Representing 25 distinguished Bahraini and Gulf brands across the hospitality and retail sectors, Sole Corp reaffirmed its position as a key player in the franchising industry. During the exhibition, Sole Corp successfully sealed two strategic agreements with investors from the Kingdom of Saudi Arabia. These partnerships mark a significant milestone in the company's expansion strategy, further strengthening its presence in both the Saudi and international markets by attracting new franchise opportunities and expanding its branch network. Sole Corp General Manager Bader Al Shaaban said: "Our participation in the expo has been highly successful, providing us with a platform to engage in productive discussions with potential partners. We are actively exploring opportunities to transform these discussions into long-term business collaborations, aligning with our strategic vision to expand Sole Corp's franchise network into new markets." Sole Corp W.L.L is a dynamic SME established in 2023 by the founders of Dividend Gate Capital, and a trusted advisory partner for business operations management and project development in the Kingdom of Bahrain. Within a short span, the company now successfully manages 25+ brands, generating an average annual revenue over $15 million, with a growing presence across the GCC & Asian regions. "Over the course of three days, we had the opportunity to exchange insights and best practices with a distinguished group of local and international franchise consultants and advisory firms. Additionally, we explored potential collaborations with a broader range of local, regional, and international brands, laying the foundation for a further expansion of our business," he stated. Al Shaaban emphasized Sole Corp's commitment to strengthening its presence in key franchising events year after year, highlighting the Saudi Franchise Expo as a premier platform for industry growth. The exhibition is recognized as the leading destination for entrepreneurs and investors in Saudi Arabia and the Middle East, bringing together hundreds of local and international franchising brands.
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.
