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Jollibee coming to the UAE

February 26, 2014 10:54 am

Golden Plate Pte Ltd (GPPL), a wholly-owned subsidiary of Filipino multinational chain of fast food restaurants Jollibee Foods Corp (JFC), has signed a partnership deal with Dubai-based Golden Crown Foods LLC (GCFL) to set up a joint venture company that will operate company-owned restaurants in the UAE, ABS-CBNnews has reported. Under the terms of the deal, GPPL will own 49% of the JV, while GCFL will own 51%, but both companies will practice equal sharing in terms of control and management. Jollibee did not say when the first outlet will open in the country. JFC has 42 outlets, all franchised, in the Middle East, including 16 Jollibee stores (nine in Saudi Arabia, four in Qatar and three in Kuwait); and 26 Chowking stores (five in Qatar, two in Oman and 19 in the UAE).