UAE franchise sector's annual revenues exceed Dhs100 billion

The Emirates Franchise Association, affiliated with the Abu Dhabi Chamber of Commerce and Industry, organised the “Franchise Unites Us and Innovation Leads Us” forum at the Chamber’s headquarters in celebration of World Franchise Day, observed on 11th June.

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The event was held in collaboration with the Khalifa Fund for Enterprise Development (KFED) and the Abu Dhabi Businesswomen Council (ADBWC), and featured a select group of entrepreneurs, decision-makers, and representatives from government and private sector entities involved in or interested in the franchise sector.

The franchise sector is witnessing rapid growth both locally and internationally.

In the UAE, revenues have exceeded Dhs100 billion annually, with an annual growth rate of 15 per cent, while global revenues surpassed Dhs6 trillion.

In the Mena region, the total market value is estimated at over Dhs120 billion.

Globally, the sector encompasses more than two million franchisees, providing jobs for more than 19 million people, reflecting its vital role in supporting economies and promoting entrepreneurship.

The forum is part of the Association's ongoing efforts to raise awareness of the importance of the franchise sector and its pivotal role in supporting the national economy and empowering entrepreneurs.

Franchising is considered one of the most successful and sustainable models for the growth of SMEs as well as expanding the reach of local and regional brands.