US-based gourmet restaurant chain BurgerFi International has signed a multi-unit development agreement with Saudi Arabia’s Food Supplies Company to open six restaurants in the Kingdom.
The first Saudi BurgerFi outlet is set to open in Burj Alfardan in Khobar City in the fourth quarter of 2021. The other five restaurants are expected to be open throughout the Kingdom over the next few years.
The agreement follows the BurgerFi’s Initial public offering (IPO) in last month and marks the brand’s expansion to the second Middle East country. The company currently has two outlets in Kuwait.
“While our main focus is to grow from our dominant position as the market leader in Florida in the ‘Better Burger’ category and expand domestically, we anticipate we will also pursue strategic opportunities both in other parts of the US and countries beyond our borders. We currently operate in the Middle East and believe that we have selected the strongest partners to develop the brand in the Eastern Province of Saudi Arabia.”
Thamer Al-Hathal, CEO of Food Supplies, said that his company has been drawn to the BurgerFi brand because of its unique approach to manufacturing and preparing food.
“BurgerFi is an extremely fast-growing concept, and we are excited to get ahead of the game and be part of this revolutionary restaurant and grow it in the Middle East. We see this as a long-term partnership,” he further added.
Established in 2011, BurgerFi is one of the fastest-growing better burger concepts with approximately 125 BurgerFi restaurants domestically and internationally. It is mainly focused on items, such as hormone-free and antibiotic-free angus hamburgers, french fries, hot dogs, and custard. The restaurant chain became a public company in December 2020 and is now traded on the Nasdaq stock exchange.