Kuwaitis among top 10 investors in Dubai's restaurants, cafes

Mubasher: Kuwaiti investors in Dubai have reached 6,507 of which 6,181 were businessmen while women entrepreneurs totalled 326, according to a recent report by the Business Registration & Licensing (BRL) sector in the Department of Economic Development (DED) in Dubai.

A number of 2,052 active business licenses got issued to Kuwaiti entrepreneurs in Dubai, as 1501 were commercial, 493 were professional, 45 related to industry, and 13 in the tourism sector.

The report showed that 168 licences were issued to Kuwaiti business activities in 2018, a year-on-year increase of 35.5% as compared to 2017 when 124 licences were issued.

Restaurants and Cafes topped the list of Kuwaiti professional activities, as Kuwaiti entrepreneurs are currently among the ‘Top 10’ nationalities investing in this sector in Dubai, the report said.

DED’s report was issued in coinciding with the official launch of Open Flame Kitchen, Gastronomica's latest restaurant concept, recently opened in The Dubai Mall.

“We congratulate Open Flame Kitchen for expanding its portfolio in Dubai, which has today become one of the most sought-after destinations for brands from around the world. This will further add to the appeal of Dubai’s expansive offerings, with the city providing an ideal growth environment,” senior manager, service centres in BRL Humaid Al Amri said.

Founder of Gastronomica Middle East, Kuwaiti entrepreneur Bassel Al Salim opened his first outlet in 2005 followed by a total of nine original dining concepts.

“The brand Open Flame Kitchen was originally conceived in 2010 in Kuwait. The first restaurant, Slider Station, opened in the UAE in Galleria Mall in March 2015 and followed by Cocoa Room in August. This was followed by a Burger Boutique outlet in Sharjah in 2018,” according to a recent press release.

 

Mubasher Contribution Time: 17-Feb-2019 14:33 (GMT)
Mubasher Last Update Time: 17-Feb-2019 14:33 (GMT)