McDonald's Malaysia to double its store number by 2025
The fast-food chain is setting its sight on aggressive expansion as it attempts to catch up on rivals.
According to Southeast Asia Globe, McDonald’s Malaysia will invest more than $325 million as part of the expansion that will see the size of its presence in the country almost double by 2025.
“Our committed investment of RM1.4 billion [$326 million] over 10 years is a testament to our confidence in the future of the country,” company’s managing director Azmir Jaafar said.
According to Jafaar, McDonald’s Malaysia registered year-on-year growth of 16% last year and was confident it would enjoy increased demand in the future. The expansion could create up to 6,000 jobs, in addition to the 12,000 currently provided by the fast-food chain.
The proposed investment “will come from the business operation and the shareholder” and predominantly be used to open 188 more outlets by 2025, which would bring the total number of McDonald’s restaurants in the country to 450.
