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)
