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Dallas -- 7-Eleven has signed a master franchise Agreement with Seven Emirates Investment LLC to develop and operate 7-Eleven stores in the United Arab Emirates (UAE). The expansion marks the company's first entry into the Middle East region.
The first 7-Eleven-branded convenience store in the UAE is expected to open in Dubai next summer. The new master franchisee plans to construct 7-Eleven stores as well as convert existing locations to the 7-Eleven brand. 7-Eleven's entry into the country provides a solution to the UAE government's strategic initiative to modernize the small-retail environment and bring greater convenience to shoppers.
"The UAE is a growing and dynamic part of the world and is attracting investment from around the globe," said 7-Eleven, Inc. president and CEO Joe DePinto. "It is the business gateway to the Middle East and offers an excellent environment for 7-Eleven's first retail venture in the region."
The UAE will be the 17th country or region where 7-Eleven stores exist. Besides the United States, other countries include Canada, Mexico, Japan, Thailand, South Korea, Taiwan, China (including Hong Kong), The Philippines, Australia, Singapore, Malaysia, Indonesia, Norway, Sweden and Denmark.