IBJNews

Steak n Shake cooks up expansion plan for Saudi Arabia

Back to TopCommentsE-mailPrintBookmark and Share

Indianapolis-based burger chain Steak n Shake has expansion plans that are far afield of its base of operations in the Midwest, intending to open dozens of restaurants in the Middle East.

The firm has announced a development deal with conglomerate AB Holdings to establish 50 restaurants in Saudi Arabia in coming years. Steak n Shake expects to open its first location in Riyadh during the first half of 2014.

“The partnership with AB Holdings is an outstanding step in our continuous endeavor to become a global brand,” said Sardar Biglari, chairman of San Antonio, Texas-based Biglari Holdings Inc., which owns Steak n Shake.

Biglari noted that the eatery famous for its “steakburgers” now has commitments for 90 restaurants in the Middle East. Last year, Biglari Holdings forged a deal with franchise operator Saleh Bin Lahej Group to open 40 restaurants in the United Arab Emirates.

Founded in 1934, Steak n Shake currently counts more than 500 corporate and franchise restaurants around the world.

It has worked in recent years to move beyond its critical mass of restaurants in the Midwest. In 2012, it opened a high-profile, 20-seat location in New York City’s theatre district. This year, it started a West Coast expansion by entering the California market with a store in Santa Monica.

ArabianBusiness.com has reported that Steak n Shake is planning further global expansion, mainly in the Middle East and Europe.
 

ADVERTISEMENT

Post a comment to this story

COMMENTS POLICY
We reserve the right to remove any post that we feel is obscene, profane, vulgar, racist, sexually explicit, abusive, or hateful.
 
You are legally responsible for what you post and your anonymity is not guaranteed.
 
Posts that insult, defame, threaten, harass or abuse other readers or people mentioned in IBJ editorial content are also subject to removal. Please respect the privacy of individuals and refrain from posting personal information.
 
No solicitations, spamming or advertisements are allowed. Readers may post links to other informational websites that are relevant to the topic at hand, but please do not link to objectionable material.
 
We may remove messages that are unrelated to the topic, encourage illegal activity, use all capital letters or are unreadable.
 

Messages that are flagged by readers as objectionable will be reviewed and may or may not be removed. Please do not flag a post simply because you disagree with it.

Sponsored by
ADVERTISEMENT

facebook - twitter on Facebook & Twitter

Follow on TwitterFollow IBJ on Facebook:
Follow on TwitterFollow IBJ's Tweets on these topics:
 
Subscribe to IBJ
  1. I had read earlier this spring that Noodles & Co was going to open in the Fishers Marketplace (which is SR 37 and 131st St, not 141st St, just FYI). Any word on that? Also, do you happen to know what is being built in Carmel at Pennsylvania and Old Meridian? May just be an office building but I'm not sure.

  2. I'm sorry, but you are flat out wrong. There are few tracks in the world with the history of IMS and probably NO OTHER as widely known and recognized. I don't care what you think about the stat of Indy Car racing, these are pretty hard things to dispute.

  3. Also wondering if there is an update on the Brockway Pub-Danny Boy restaurant/taproom that was planned for the village as well?

  4. Why does the majority get to trample on the rights of the minority? You do realize that banning gay marriage does not rid the world of gay people, right? They are still going to be around and they are still going to continue to exist. The best way to get it all out of the spotlight? LEGALIZE IT! If gay marriage is legal, they will get to stop trying to push for it and you will get to stop seeing it all over the news. Why do Christians get to decide what is moral?? Why do you get to push your religion on others? How would legalizing gay marriage expose their lifestyle to your children? By the way, their lifestyle is going to continue whether gay marriage is legalized or not. It's been legal in Canada for quite a while now and they seem to be doing just fine. What about actual rules handed down by God? What about not working on Sundays? What about obeying your parents? What about adultery? These are in the 10 Commandments, the most important of God's rules. Yet they are all perfectly legal. What about divorce? Only God is allowed to dissolve a marriage so why don't you work hard to get divorce banned? Why do you get to pick and choose the parts of the Bible you care about?

  5. Look at the bright side. With the new Lowe's call center, that means 1000 jobs at $10 bucks an hour. IMS has to be drooling over all that disposable income. If those employees can save all their extra money after bills, in five years they can go to the race LIVE. Can you say attendance boost?

ADVERTISEMENT