The Franchising Division, which was initiated back in year 2004, has been able to build strong foundations for the business during the course of the year 2005. This division is a natural extension to Savola Group’s mega real estate projects.
The main responsibilities of this division are to sign and roll out new retail concepts in the Saudi retail market through signing exclusive franchise agreements with prominent international brands.
The business also aims to create job opportunities for young Saudis in the growing retail sector and to fulfill its social corporate responsibility towards the local community.
The division has signed several franchise agreements with international brands from Europe, Canada, South Africa and the Far East in various business sectors such as restaurants, footwear, Home Improvement, Body care and fashion clothing. The division has already opened its first seven stores in the city of Jeddah.
The division is now embarking on introducing further new franchises during the year 2006 and to launch several new stores in the cities of Jeddah, Riyadh and Dammam.
