(MENAFN- Emirates News Agency (WAM)) Dubai's reputation as a magnet for multinationals and international investors will get another strong endorsement this year with the 7-Eleven global franchise opening its first store in the city in September 2015.
Khamis Al Sabousi, President of Seven Emirates Investment, and Omar Bushahab, Chief Executive Officer of Business Registration and Licensing, BRL, sector in DED held a press conference to announce the arrival of the international convenience store chain.
Sami Al Qamzi, Director General of DED, and representatives from 7-Eleven stores in Japan and USA as well as strategic partners in the business, attended the event.
Bushahab commented, " We are delighted to see Seven Emirates Investment taking off with the opening of the first 7-Eleven store set for September 2015. It's a critical step forward for Seven Emirates Investment, which also underlines the ease of doing business in Dubai and its successful economic policy on one hand and the confidence international companies have in the emirate on the other hand."
The Seven Emirates Investment President said that bringing a leading retailer like 7-Eleven to the region is part of his company's efforts to develop existing supply chains, provide innovative nutritional solutions, and encourage young people to explore franchising as a business model by also providing the support and training required. "Franchising promotes growth of private businesses and helps ambitious youngsters achieve their goals, while ensuring their participation in the development of the retail sector."
"Dubai attracts millions of tourists to its shopping and entertainment facilities annually, and has been rated the second leading shopping destination globally for the fourth year in a row. Likewise, Abu Dhabi stood third among top markets targeted by international brands and new entrants in 2014. Dubai also occupies first place worldwide in the co-existence of nationalities, with people of over 200 nationalities living in the city. We will see that our stores keep up to the standard of development as well as the blend of cultures and nationalities in the UAE, and that the consumer finds all his daily requirements in 7-Eleven stores," said Al Sabousi.
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