Arby's agrees to development in Kuwait and Saudi Arabia
May 25, 2016
by MEAT+POULTRY Staff
Arby's will be trying to develop some new restaurants in the Middle East.
ATLANTA – Parent company of the franchisor of the Arby’s brand, Arby’s Restaurant Group, Inc. (ARG) and Al-Kharafi Global for General Trading & Contracting Company-WLL (Kharafi Global) have signed a development agreement to open 25 new Arby’s restaurants in Kuwait and Saudi Arabia. In 2015, Arby’s saw the growth of 69 new restaurants open globally and had agreements for 138 for Q1 2016.
“We are excited about the agreement with Kharafi Global as we turn our attention to bringing the Arby’s brand to new markets around the world,” said Paul Brown, CEO, Arby’s Restaurant Group, Inc. “We welcome Kharafi Global and their experienced restaurant development and operations team into the Arby’s family and have the utmost confidence in their success.”
“We are thrilled to bring the Arby’s brand to guests in Kuwait and Saudi Arabia,” said Haidar Al Naqeeb, Managing Director and Co-Founder, Kharafi Global. “With Arby’s continued strong sales performance, outstanding leadership and robust menu of delicious, Fast Crafted products, we believe the future for Arby’s is incredibly bright.”
Arby’s is still on track to achieve its goal of surpassing $4 billion in total system-wide same-store sales (SSS) by the end of 2018. The brand announced US System SSS growth of 5.8 percent, including estimates for unreported franchisees in the first quarter of 2016 ARG data). Arby’s also reported US System two-year SSS of 15.3 percent in Q1 2016.