TarekTawfikCEO"Egyptian Franchise Development Association EFDA revealed new investments in the franchise sector.
he pointed that it will be a declaration of one of the Saudi largest group "Savola" that its company "Banda " one of the largest food processing companies in the Arab world to open 17 center in addition to the announcement Carrefour increased its branches in 10 regions of the province.
The Franchise means holding the concession and is defined as a contract between two parties independent legally and economically based whereby one end and call it the franchisor, to grant the other party and call it granted the concession, to approve the use of one or more of the intellectual and industrial property or technical know-how for the production of a commodity rights or distribute products or services under the brand produced by or used by the franchisor and in accordance with his instructions and exclusively under his supervision in a specific geographical area and for a specific time with its commitment to provide technical assistance in return for material benefits or obtain or economic interests.
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