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HOME REGIONS Middle East › Office Depot signs Middle East franchise deal

Office Depot signs Middle East franchise deal

by Stuart Wilson, Tuesday 13 January 2009

Office Depot has set its sights on the Middle East retail market. The office products retail giant has signed a franchise agreement with international retailer M.H. Alshaya covering Saudi Arabia, the UAE, Kuwait, Bahrain, Qatar and Oman. The first four Office Depot retail stores are set to open in 2009 in Kuwait City and Dubai.

"We are very pleased to have Office Depot as our partner," said Mohammed Alshaya, executive chairman at Alshaya. "We believe there is a significant market for these products and services throughout the Middle East. We look forward to using our experience and regional knowledge to firmly establish Office Depot as the natural choice for businesses and individuals for all of their office supply needs."

Ernst Wessel, VP international franchise development at Office Depot, added: “Office Depot understands the importance of developing a retail business in the Middle East and is partnering with a very experienced company such as Alshaya. We believe that the Office Depot business is particularly suitable and attractive as a franchising concept for certain territories and I look forward to talking with other potential partners.”

Alshaya claims to operate more than 40 international franchise brands throughout the Middle East, Eastern Europe and Russia. Under the agreement, Alshaya will be granted the franchise rights for all channels in the Kingdom of Saudi Arabia, the United Arab Emirates, Kuwait, the Kingdom of Bahrain, Qatar and Oman.

Office Depot offers a broad assortment of products ranging from ink and toner to office furniture and electronics. Office Depot has annual sales of approximately US$15.1 billion, and employs about 49,000 staff around the world.

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November, 2019

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