"We are excited to finalize this stage of our relationship with Mubarak Al-Hassawi Restaurant Development Group. Their exceptional global and financial resources and reputation are a tremendous complement to our overall growth strategy," says Scott Barnett, president and CEO of Bubba Gump, in a press release. Previously, the company announced overall plans to open 35 to 50 restaurants in the next five years.
The development group consists of several international companies that specialize in hospitality, real estate and industrial manufacturing. "Bubba Gump Shrimp Co. is a recognized global brand with a record of financial success in markets throughout the world. We look forward to introducing Bubba Gump Shrimp Co. to the Middle East, starting with our initial location in Dubai," says Fawzia Mubarak Al-Hassawi, president of the group. Bubba Gump operates 31 restaurants in the US, Mexico, Japan, Indonesia, Malaysia and Hong Kong.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.