McDonald's Malaysia to invest more than $326m on expansion
The fast food brand will invest RM1.4 billion to increase the number of its outlets to 450 by 2025.
According to Malay Mail Online, managing director and operating partner Azmir Jaafar said McDonald’s Malaysia achieved year-on-year revenue growth of 16 per cent in the country last year and is confident of continuing the trend this year.
The expansion could generate 6,000 jobs for the locals.
“McDonald’s Malaysia is aggressively pursuing an expansion plan. Our committed investment of RM1.4 billion over 10 years is a testament to our confidence in the future of the country,” Jaafar said.
Currently, McDonald’s Malaysia has more than 150 drive-through restaurants, 200 ‘24-hour’ restaurants, more than 90 restaurants with delivery services and over 100 McCafes, and will continue its growth trajectory under the new Developmental Licensee (DL) ownership.
“The management will continue on the expansion strategy and programmes. The RM1.4 billion capital investment to support the expansion will come from the business operation and the shareholder,” said Azmir.
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