McDonald’s Malaysia is reportedly planning to invest $322m (MYR1.35bn) to open 205 new restaurants in the country as part of its five-year business plan, Vision 2026.
Malaysian National News Agency Bernama reported that the company’s five-year plan would create 50,000 employment opportunities for local people.
McDonald’s Malaysia managing director Azmir Jaafar said that Vision 2026 will increase the company’s store count in the country to 500 by 2026.
All the new restaurants have been planned in Malaysia’s second and third tiers cities with investments ranging between $193,887 (MYR5m) and $1.6m (MYR7m) for each store.
The five-year plan will also focus on drive-through facilities and invest in upgrades to the country’s 155 existing restaurants.
Currently, there are 318 McDonald’s restaurants operating in the country, which employ more than 15,000 workers.
Bernama quoted Jaafar as saying: “McDonald’s Malaysia’s business focus would remain on fan favourite burgers, which contributes 80% of its sales.”
Jaafar further added: “We were able to navigate through a challenging environment over the last two years because we made bold decisions to focus on four key business drivers, which are namely the Drive-Thru, McDelivery, our Digital Platform and McCafé.
Additionally, the company plans to invest $71m (MYR300m) in training and development programmes to create approximately 15,000 Vocational Academy apprentices over the next five years.
In January, McDonald’s reported systemwide sales growth of 21% to $112.5bn for the full year 2021.
Sales in the US increased by 7.5%, and a growth of 16.8% was registered in the International Operated Markets segment.
The International Developmental Licensed Markets segment was up by 14.2%.