UAE - Mubasher: Binghatti Hospitality, the arm of Binghatti Holding, has added to its restaurant and cafe portfolio a new coffee brand named 'Wonderlast'.

The new brand was launched in Khawaneej Walk, a new shopping and entertainment area in Dubai, according to a recent press release.

With total investments of around AED 250 million, the five brands run by Binghatti Hospitality comprise CupaGahwa, Agati, Slice & Pan, So Ghawi, and Wonderlast.

By launching the new brand, Binghatti Hospitality has raised the total number of its stores in the UAE to 50, including three in Al Khawaneej Mall.

The CEO of  Binghatti Holding, Muhammad Binghatti, remarked that the company is planning for strategic expansions in the UAE and Saudi Arabia, namely that the UAE supports the growth of businesses in all sectors.

Binghatti added: "The UAE also provides reasonable and low tax rates compared to other countries, and attractive banking facilities, whether in mortgage and other loans, in addition to developing a transportation network that makes the country a global financial hub served by major international airlines and a group of advanced airports."