|MADRID, October 27, 2016 /PRNewswire/ — Telepizza announces the opening of its first three stores in Saudi Arabia, located in the country’s capital, Riyadh.
The stores are the first of the hundred the company expects to open up in the country over the next ten years and are three of the five that will serve the public in Riyadh in the coming months. Subsequently, the brand will be present in the west (Jeddah) and the eastern areas of the country.
Telepizza’s expansion into Saudi Arabia is the result of the master franchise agreement with its strategic partner in the region, Emtyaz Catering Company, the subsidiary company of the Al Bayan Holding Group and one of the country’s principal business groups. It holds interests in a number of companies in sectors like food and drinks as well as the property development and construction market.
Telepizza’s international strategy is focused on growth in markets where it is currently operating, exploring new business opportunities, and entering new markets, either organically, through acquisitions of local companies or via master franchises.