Fast food McDonald fans are gonna love this piece of news. McDonald’s Malaysia is planning to invest RM300 million to open 60 new outlets and remodel 45 others from this year to end-2011 to increase its market share. It currently has 184 outlets nationwide.The managing director of its local operations, Azmir Jaafar, said the fastfood chain would use mostly internal funds for the capital expenditure.
He said RM85 million would be spent this year to open up to 20 restaurants and remodel 15 others.
He also said the local operations is expecting a 15% sales growth this year compared to the 22% growth last year. Azmir said the value of sales last year was more than RM800 million.
He said sales this year would be slow due to the economic downturn.
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