The economy of countries recently depends largely on small projects and the ideas of entrepreneurs and innovators with creative and innovative ideas.
It has been found according to many research studies that focus on knowing the types of projects most popular in societies that trade in the field of cooking, restaurants and food is the most effective and beneficial in the field of feasible financial returns.
The challenge remains the competition of project owners to improve the product and present it to the public according to what suits their taste.
The challenge remains the competition of project owners to improve the product and present it to the public according to what suits their taste.
Restaurant owners should choose what they offer carefully, cook it with love, be creative in all the details that make it a profitable and rich experience, expand it and make it a success story not only at the local level but on a larger scale.
Of course, this field needs planning, study, and a high illusion in follow-up and continuity with the same quality, while the price remains a well-thought-out and codified matter so that trade can be judged to have succeeded with distinction.
The restaurant sector in the Gulf is witnessing a remarkable activity with the launch of many new restaurants every month, as this sector attracts global and local investments from residents and citizens, especially young people who are looking to enter the world of trade and business through new projects.
Despite the economic malaise that the economy is going through, the restaurant sector is one of the most resilient sectors, as it achieved global growth of 4% last year. The value of the sector is expected to reach $3.5 trillion by the end of 2016.
In the Middle East, independent restaurants are the largest category in the market, accounting for 76% of the market size, while franchising chains are the fastest growing in the region, at 7.5%, compared to only 3.5% for independent restaurants, according to Euromonitor International.
The volume of investment in the restaurant sector in Saudi Arabia exceeded 17 billion riyals last year, as there are about 17,000 restaurants that provide job opportunities for more than 10,000 Saudis.
The question of investment revolves around the preference for investors whether to open a private restaurant, or to invest in one of the fast-food chains, in which the cost of purchasing franchises may exceed one million dollars.