The Global Franchise Market – TGFM, the leading franchising event in the Middle East, will be returning to Dubai for its 5th edition on November 15th, 2021. It is organized annually by INDEX Conferences and Exhibitions– member of INDEX Holding, under the patronage of the Department of Economic Development – Dubai, and is sponsored by Dubai Department of Economic Development and Dubai Tourism.
This unique edition will display the most prominent franchising establishments and will demonstrate the success stories these businesses witnessed over the past two years, withstanding the global epidemic.
As the UAE continues to attract an impressive number of local and international franchising businesses, additional brands – homegrown and international – continue to grow in the country across various sectors, as the UAE continues to be a significant and strategic location to start expansions.
The exceptional infrastructure, the growing population, and the UAE’s prominent position as a popular shopping destination are vital factors for this growth.
The traditional franchise models like F&B continue to thrive, but the country has also seen new models and concepts outside these conventional domains.
These businesses see Dubai and the UAE as an important and strategic location to start such expansions.
Additionally, Dubai is the entry point for any international brands willing to expand in the Middle East; and is often the regional HQ to a broader regional spread.
Also, the UAE’s recent decision to offer long-term residence visas to mega-investors and top business leaders is attracting a wealth of financial capital and encouraging global startups to explore franchise opportunities and target the country’s lucrative retail, food, and hospitality sectors.
Moreover, Dubai’s improving business confidence, economic competitiveness, and growing appeal among investors and companies worldwide are boosting the emirate’s vibrant and diversified economy.
On September 20, 2021, Dubai Chamber revealed that a total of 16,000 new companies joined in the first eight months of 2021, bringing its total membership to over 275,000, posting year-on-year growth of 68.5 percent.