ChipsAway has announced its expansion into the Middle East with the opening of a master franchise in Riyadh, Saudi Arabia. The business currently has 300 franchisees in the UK and also has a network of international master franchisors across the globe.
Lloyd Evans, ChipsAway deputy chairman, sees the Middle Eastern move as a fantastic opportunity for ChipsAway. “Proving resistant to the global economic downturn, the Saudi Arabian economy has actually managed to maintain growth in difficult times,” he said. “The buoyant automotive industry is the largest in the Middle East and one of the largest in the world, which provides some great opportunities for a business such as ChipsAway to thrive and grow.”
Heading up the master franchise in Saudi Arabia is Talal Obid Al Osaimi, a successful businessman who studied for his MBA in the UK at Bangor University, and his business partner, Ieyd Al Shammari, who has gained his business knowledge by working in various operations management roles within the financial services sector.
Talal, who has seven years experience running two repair centres in Riyadh, explains: “We were very excited by the opportunity to trade under the ChipsAway brand in Saudi Arabia. From our very first experiences with ChipsAway we were impressed by the business model and by both its present and estimated levels of growth.
“It’s easy to see how potential franchisees can make money which presents a great opportunity for developing the Saudi network through franchise investment. Best of all, with second-hand vehicle ownership so prominent, accounting for 46% of cars, there is a large untapped market for services such as those offered by ChipsAway!”