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The Franchising Industry in MENA - Statistics & Facts 2024

01 Mar 2024 1372 Views

The Franchising Industry in MENA - Statistics & Facts 2024

1.    The four hottest franchise markets in MENA are Saudi Arabia, United Arab Emirates, Bahrain, and Qatar.

2.    Saudi Arabia represents almost 60% of the Middle Eastern franchise market.

3.    The MENA franchising sector is worth $33 billion with 29% annual growth.

4.    Alshaya Group (Kuwait) is the biggest multi-brand franchise operator in MENA.

5.    Alhokair Group is the leading franchise retailer in Saudi Arabia.

6.    Starbucks has reached 400 stores in Saudi Arabia in 2024 with a reserve outlet in Jeddah Park.

7.    McDonald’s is the leading player in Saudi Arabia with a share of 28.8% among the top 30, followed by Herfy (local brand) 12% and AlBaik (local brand) 5.7%.

8.    The F&B sector in Saudi Arabia is the largest in MENA and is currently valued at around $13 billion.

9.    The UAE’s F&B sector is valued at $8.9bn in 2022 and expected to grow by 9% CAGR by 2026.

10.  71% of the global franchise brands in Saudi Arabia come from the U.S.