Circle K, one of the world’s largest convenience store operators, plans to open 55 new branches across the Middle East region in 2015.
The initiative aims to also open 28 new outlets in the UAE between Abu Dhabi, Dubai and other nearby emirates. These planned branches are expected to complement the company’s existing 38 outlets across the UAE.
According to Circle K’s senior executives, the company remains upbeat with 2015 and 2016, strongly noting that the next two years represents a growth phase that will see the business growing twice as large over the period.
Industry analysts have shared that the move to expand proves to be both timely and strategic, as slight drop in food costs and real estate makes the time just right for expanding businesses.
“We are looking towards 2015 with high spirits and an upbeat attitude that gives us the confidence to plan the opening of 55 more branches across the whole region. In fact, we have already set our sights on 28 new outlets in the UAE alone, which in turn will help reinforce the presence of 38 of our branches here in the country,” said Fahmi Al Shawa, CEO, Circle K Arabia.