Shakey's to build 10 stores in UAE

ABS-CBN News

Posted at Jul 14 2017 09:10 AM

MANILA - Shakey's Pizza Asia Ventures Inc said Friday it would build at least 10 stores in the United Arab Emirates over 5 years.

The company said its subsidiary, Shakey’s Pizza Regional Foods, signed a development agreement with Dubai-based Aljeel Capital LLC for the venture.

The first Shakey's store in Dubai will open in the first half of 2018, the full-service restaurant operator told the stock exchange.

“Dubai, UAE, and the rest of the Middle East are great markets for us. Not only are there strong and welcoming Filipino communities which love the Shakey’s brand and are excited about experiencing it away from home, but there are also tremendous growth opportunities within the mainstream markets there,” Shakey's president and CEO Vic Gregorio said.

Shakey's signed an agreement last December to open at least 10 stores in Kuwait, the first of which, will open in the third quarter.

The company has 189 stores in the Philippines as of March.