07 July 2015
Leading UAE Corporation joins forces with Spanish food group

Dubai - The Ilyas & Mustafa Galadari Group, a leading Dubai based diversified commercial entity, has announced its entry into the food & beverage sector with the signing of a partnership agreement with Spanish-borne family business, Asador de Aranda Group.

The agreement, in line with the Group's partnership strategy of matching local expertise with international brands, enablesthe Ilyas and Mustafa Galadari Group to open Asador de Aranda's first international restaurant outlet, with plans to open 12 more across the Middle East over the next 10 years. Due to open in Q1 2016, Asador de Aranda will offer diners a unique Spanish experience, with traditional Castilian cuisine, characterized by the use of an oak-wood adobe clay oven. This method of cooking mirrors that of a Muslim influence and culturethat occupied Spain in the past, giving dishes such as the restaurant specialty, slow-cooked churro lamb, a distinct texture and undeniable depth of flavor.

Commenting on the organization's exciting F&B growth plans, Naveed Dowlatshahi, Vice President - Food & Beverage, Ilyas &Mustafa Galadari Group, said, "The demand for quality food and beverage options is set to increase as we edge closer to EXPO 2020, particularly given the current growth in the UAE tourism sector. We are committed to partnering with well established brands that we believe will suit the Middle Eastern market well, and Asador de Aranda is no exception. Its rich heritage and proven track record is undeniable, and we are looking forward to working closely with the team to develop the concept for this market.

This agreement, coupled with the development of a broad range of concepts that will be at the heart of IMG Worlds of Adventure, really cements our position in the market, as it adds depth to our offering and helps to position us throughout the F&B value chain."

 Mr. Martiniano PalomerChief Executive Officer Asador De Aranda, added, "The Middle East is a rapidly growing market, with significant consumer potential. We are committed to partnering with reliable and experienced organizations that have the necessary resources and local insight required to translate the Asador de Aranda concept in new markets. We are confident that the Ilyas & Mustafa Galadari Group will be able to successfully deliver on this, and look forward to working closely with their F&B team."

As part of its growth and expansion into the food and beverage sector, the Ilyas & Mustafa Galadari Group will also bebringing 28 original food and beverage offerings to IMG Worlds of Adventure, the world's largest temperature controlled indoor theme park which is set to include a broad range of dining options for park guests, including American, Middle Eastern, Pan-Asian, Mexican, European, Indian, and South African.

The Ilyas & Mustafa Galadari Group comprises a diversified business portfolio that spans a number of key divisions, including real estate, trading, services, and manufacturing. In addition toCity of Arabia, Sunseeker, Kitchens & Beyond, Galadari Motor Driving Center, Metro Taxi, Metro Auto Repair, IMG Cold Stores, Leathero Upholstery, and IMG Boats, the Ilyas &Mustafa Galadari Groupalso owns IMG Theme Park L.L.C.

-Ends-

About Ilyas & Mustafa Galadari (IMG) Group
The Ilyas & Mustafa Galadari Group is a highly regarded, multi-faceted organization based in Dubai, UAE. The group is carrying on the tradition of the Galadari family which has a long history of entrepreneurship dating from the 1940's. The diversified business portfolio includes construction, real estate development, leisure facility development, hospitality, automobiles, international brand representation and franchising, food storage, luxury boat distribution, design, manufacturing and transport. Over the years, the group has shown ambition, determination in growing and launching new business enterprises with acclaimed international success and rewards.

About Asador de Aranda
Founded in 1960, Asador de Aranda is a quintessentially Spanish dining concept, known for its traditional Castilian cuisine. The essence of the Asador de Aranda brand represents a unique Spanish gastronomic quality, withtraditional cooking techniques, and simple yet delicious dishes created using both natural and high quality ingredients. Asador de Aranda is known in particular for its speciality - churro Lamb roasted in a custom oak-wood adobe clay oven.  Since launching, Asador de Aranda has opened 17 outlets in Spain, and is now exploring international expansion plans, with 12 planned outlets in the Middle East within the next 10 years.

Asador de Aranda is a part of the Asador de Aranda Group, a parent company and family business, involved in the real estate, hospitality, and food and beverage sectors.

For further enquiries, please contact:
Ilyas & Mustafa GaladariGroup
Janeen Mansour
PRManager
Email: janeen.mansour@imgaladari.com   

or Bell Pottinger PR    
Karmel Abourah            
Tel: +971 55 559 7394 
Email: kabourah@bellpottinger.com

© Press Release 2015