Americana Expands Poultry Operations in Ethiopia to Support Regional Growth, Plans 250 New Middle East Restaurant Locations by 2023
-
Americana plans to open a new poultry feed plant in Ethiopia to support its restaurant business in the region.
-
The company currently operates over 2,200 restaurants across the Middle East, with over 250 new locations to open by end of 2023.
-
Americana raised $1.8 billion in its IPO in November 2022, listing on the Saudi and Abu Dhabi stock exchanges.
-
The company's chairman Mohamed Alabbar says the hotel industry offers huge potential, with Emaar Hospitality and Eagle Hills developing hotels and mixed-use projects.
-
Alabbar says tourism has big room for growth, with only 4% of the global population having traveled so far.