Yellow Cab Pizza is set to open stores in Egypt and Jordan as its owner, Max’s Group, Inc. (MGI), continues to aggressively expand its international business, setting its sights on new markets in the Middle East.
MGI recently inked a development agreement with Jalal Holding to establish at least 5 Yellow Cab Pizza stores in Jordan and 10 Yellow Cab Pizza stores in Egypt within 5 years.
“We continue to chart new territories for expansion overseas. Our previous ventures and recent openings in this region have proven successful. We are truly witnessing the emergence of Yellow Cab Pizza as a global mainstream brand,” said Max’s Group President and CEO, Robert F. Trota.
This is the fifth develop agreement sealed by MGI in 2016 resulting to a total commitment of 131 international outlets to be rolled out in the coming years.
“We partnered with Jalal Holding as we believe in their expertise and business prowess to spearhead this endeavor. Their credentials ensure consistent delivery of best-in-class products and services to customers,” Mr. Trota added.
Established in 2016, Jalal Holding is an emerging Food and beverage group in Jordan and shortly in Egypt. The company is planning to expand into F&B business in Jordan and Egypt in the next years, to bring well known international brands into the market.
Yellow Cab Pizza Operates 135 Branches
“We believe the food and beverage industry in Jordan and Egypt specifically has a huge potential. With our newly established company Jalal Holding, we plan to satisfy Jordan’s and Egypt’s customers’ growing needs of high quality food and beverage products. We are delighted to choose Yellow Cab Pizza as our first venture with MGI Group. Yellow Cab Pizza serves a New York style premium pizza in a fast casual dining setting that our market craves for,” remarked Jalal Holding CEO, Jalal K. Dudin.
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“We will start set-up and operation in Amman this year, followed by Egypt by early 2017. Jordan and Egypt’s food and drink industry is poised for positive growth and a large consumer base, we are so excited to bring the feel of the “Big Apple” to Jordan and Egypt. As well as looking forward to expand Yellow Cab Pizza branches and introduce Max’s Group other brands to both markets in the near future,” added Jalal K. Dudin, CEO Jalal Holding.
Yellow Cab currently operates a network of 135 branches including 6 franchised outlets located in Qatar and 1 in UAE. Plans are underway to open its flagship store in Beijing, Changsha and Singapore as well as a pilot branch in Hawaii. – BusinessNewsAsia.com