Herfy to open outlets in Bangladesh

Herfy to open outlets in Bangladesh
Herfy CEO Ahmed H. Al-Said, Bangladesh Ambassador Golam Moshi, and Greenland chairman Mohammad Abdul Hye cut the cake to celebrate the signing of franchise agreement in Riyadh. (AN photo by Iqbal Hossain)
Updated 04 June 2016

Herfy to open outlets in Bangladesh

Herfy to open outlets in Bangladesh

RIYADH: Herfy, a major Saudi fast-food services company, has signed an Area Development Franchise Agreement with Greenland Services Ltd., a business unit of Greenland Group of Bangladesh, to expand its business horizon beyond the Middle East.
The agreement spells out a vision to open 30 Herfy outlets in Bangladesh in a staggered schedule within a few years.
A signing ceremony for the agreement held here recently was attended by Herfy CEO Ahmed H. Al-Said, Bangladesh Ambassador Golam Moshi and Greeland Chairman Mohammad Abdul Hye.
The ceremony was also attended by a large number of guests and
Diplomats, top executives of the Herfy Food Services led by Al-Said, and a large number of guests were also present.
This is the first agreement of its kind between the private sector of the two countries as the Bangladesh economy remained strong and resilient despite external and internal challenges.
In fact, Bangladesh is among the top 12 developing countries with a population of over 20 million, which achieved 6 plus percent growth in 2016.
Now, Bangladesh needs to focus on a growth agenda centered on sustainable and inclusive growth.
Referring to the Herfy-Greenland deal, a press statement said that the agreement entitles Greenland to open 30 stores in Bangladesh within a few years from now. Herfy, as a market leader in fast-food, aspires to expand its presence in other countries. “The business accord that ensures opening of Herfy restaurants in Bangladesh is the first step toward that direction,” said Abdul Hye.
He pointed out that the first Herfy restaurant will be opened this year. He added that Greenland was interested to bring 100 percent halal and hygienic food to the Bangladesh market following the deal with Herfy.
The move to open Herfy dine-in and drive-through restaurants in Bangladesh is significant keeping in view the rapid growth of the fast-food industry sector of Bangladesh.
The food taking habits, especially in the fast-food segment, has been changed a lot over last decade among the people of that South Asian nation.
A large number of Bangladeshi nationals, who have been residing and working in the Kingdom, have developed tastes and likings for Saudi fast-foods including Herfy.
“Today, Herfy is a major fast food restaurant chain in the Kingdom and one of the largest in the Middle East, surpassing international chains in terms of presence,” the statement added.


FII confirms over 140 global speakers for 2021 event

FII confirms over 140 global speakers for 2021 event
Updated 47 min 42 sec ago

FII confirms over 140 global speakers for 2021 event

FII confirms over 140 global speakers for 2021 event
  • The theme for 2020 will be “The Neo-Renaissance”

DUBAI: More than 140 prominent international speakers have been confirmed to speak at this year’s Future Investment Initiative (FII), which will take place on Jan. 27-28.

Some of the top names announced this week include Saudi Energy Minister Prince Abdul Aziz bin Salman; David Solomon, chairman and CEO of Goldman Sachs Group; Credit Suisse Group CEO Thomas Gottstein; Reliance Industries Chairman Mukesh Ambani; Patrick Pouyanné, chairman and CEO of Total; Lord Gerry Grimstone, the UK’s minister of state for trade; Hyperloop One co-founder Josh Giegel; and David Rubenstein, co-founder and co-executive chairman of The Carlyle Group.

The theme for 2020 will be “The Neo-Renaissance,” and due to travel restrictions as a result of the coronavirus pandemic, 60 speakers will attend in-person in Riyadh, while 80 will participate virtually from hubs in New York, Paris, Beijing and Mumbai.

Some of the other speakers will include Yasir Al-Rumayyan, governor of Saudi Arabia’s Public Investment Fund and chairman of the FII Institute; Ray Dalio, co-chairman and chief information officer of Bridgewater Associates; Snam CEO Marco Alvarez; Dr. Sultan Al-Jaber, the UAE’s minister of industry and advanced technology, and special envoy and group CEO of the Abu Dhabi National Oil Co.; Eric Cantor, vice chairman and managing director of Moelis & Co.; Sultan Ahmed bin Sulayem, group chairman and CEO of DP World; and Saudi Investment Minister Khalid Al-Falih,

In addition, delegates can expect to hear from Princess Reema bint Bandar bin Sultan Al-Saud, Saudi ambassador to the US; Dr. Kai Fu Lee, co-founder, chairman and CEO of Sinovation Ventures; Thomas Barrack, executive chairman of Colony Capital; EDF CEO Jean Bernard Lévy; Jean Todt, president of Fédération Internationale de l’Automobile; Mahindra Group Chairman Anand Mahindra; and Anthony Scaramucci, founder and managing partner of SkyBridge Capital and former White House director of communications.