GCC consumers spending $2m a day at McDonald’s

Consumers in the GCC are spending US$2m a day eating at fast food giant McDonald’s, as the company experiences record growth in the region.

According to Yousif Abdulghani, managing director at McDonald’s Middle East Development Company, which oversees its Middle East and Africa franchises, the six GCC countries are now seeing 900,000 customers a day at its 369 outlets.

“A record year in terms of sales. In general, we have been growing at the rate of 15 to 20 percent on revenues year-on-year,” he said, in an interview to be published in Arabian Business on Sunday.

The company, which operates seven-fully owned franchises in the GCC, saw revenues of US$750m last year, and is now undertaking a huge expansion plan that will see 585 outlets by 2015.

Read more: http://www.arabianbusiness.com/gcc-consumers-spending-2m-day-at-mcdonald-s-491219.html