BurgerFuel Worldwide, the local fast-food chain targeting growth in the Middle East, has signed a master licence agreement to roll out stores in Qatar.
The burger chain, which went public in 2007, has signed an agreement with Al Siddiqi Group, which operates hospitality and retail clothing chains across the Middle East.
"Qatar is another significant market for BurgerFuel as it's developing quickly and further substantial expansion is under way over the next decade in preparation for the upcoming FIFA World Cup," said Chris Mason, chief executive of international markets.
BurgerFuel exports New Zealand grass-fed beef to the Middle East and has opened three stores in Dubai since 2010.
In January its first store in Iraq opened, and more stores are under construction in Dubai and South Arabia. It will open a store in Egypt later this year.
Shares of BurgerFuel rose 4.8 percent to 66 cents and have climbed 23 percent this year.
NZN/3 News