Ruby Tuesday Continues Global Growth, Expands UAE Franchise Agreement to Include Abu Dhabi
June 02 2009 - 2:43PM
Business Wire
Casual-dining restaurant leader Ruby Tuesday, Inc. today
announced that it is continuing its aggressive growth in the Middle
East with the awarding of franchise development rights for
restaurants in Abu Dhabi in the United Arab Emirates.
After opening three Ruby Tuesday restaurants in Dubai in the
past 12 months, franchisee Bin Hendi Hospitality, LLC plans to open
six new restaurants in Abu Dhabi, the capital of the United Arab
Emirates. The expanded franchise means a total of 18 Ruby Tuesdays
are slated for development in the UAE by Bin Hendi. Last year the
franchisee added five Emirate territories to its then-current
agreement for restaurant openings in Dubai.
There are now six Ruby Tuesday franchisees in the Middle East,
with locations in Kuwait, Egypt, Saudi Arabia and Dubai. Other Ruby
Tuesday restaurants are being developed in Qatar, Bahrain, Jordan,
Lebanon and Oman by other franchisees.
The Persian Gulf region is one of the fastest growing for casual
dining brands, according to Mark Ingram, President of Global
PartnerShips, Inc., who heads Ruby Tuesday�s international
franchise development efforts. �Abu Dhabi is a very important and
exciting part of our expansion in the Middle East, and Bin Hendi
Enterprises is a very successful and diversified retail company
there,� he said. �We are pleased to continue to partner with Bin
Hendi for additional development throughout the Emirates. Adding
this final territory to our agreements with Bin Hendi means we will
have a single franchisee for the entire UAE.�
The Abu Dhabi restaurants will be developed and opened over the
coming five years and will feature menu choices, service standards,
and d�cor that are consistent with the Ruby Tuesday brand in the
United States.
�My goal is to have a diversified business to provide the people
of my country with many more than just basic services,� said
Mohi-Din Abdalkadir Bin Hendi, founder and president of Bin Hendi
Hospitality and its affiliate, Bin Hendi Enterprises. �We always
try to do things with quality, taste, and style.� Bin Hendi
Enterprises owns and operates businesses in hospitality services,
fashion, real estate development, oil field supplies, trading and
distribution, and other categories.
About Ruby
Tuesday
Ruby Tuesday was founded more than 35 years ago, when current
Chairman and CEO Sandy Beall opened the first restaurant near the
University of Tennessee in Knoxville in 1972. Since then, the
company has grown to over 900 company-owned and franchised
restaurants in 45 states, the District of Columbia, 14 foreign
countries, Guam, and Puerto Rico. Ruby Tuesday has been expanding
its franchise presence around the world during the past several
years and continues to aggressively seek international franchising
opportunities.
Ruby Tuesday, Inc. is traded on the New York Stock Exchange
(NYSE: RT). More information about the company may be found at
www.rubytuesday.com.
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