Prime Hospitality is planning to open some 40 branches of different restaurant chains it owns over three years at a cost of up to EGP 500 mn, said Tamer Wagih, chairman of the company's parent, Prime Group, according to the local press. Up to 15 branches of sports-themed restaurant LaLiga Lounge, which Prime Hospitality recently obtained franchise rights for, are expected to be opened as part of the three-year expansion plan.
More from Enterprise
Israel’s Arkia Airlines moves flights to Egypt’s Taba to bypass wartime airspace restrictions
Israel’s Arkia shifts some flights to Egypt as airspace tightens…
Miga guarantee unlocks USD 313 mn for National Bank of Egypt trade finance
Plus: Incolease taps securitization market with debut EGP 2 bn…
New tax breaks aim to revive EGX listing appetite
Newly listed companies will receive a 30% reduction on payable…
How Egypt’s fintech players can own the digital Eidiya evolution
💸 Eid traditions in Egypt (and the region) have held…