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POSist sees growth rebounding in the Gulf in 2021

POSist sees growth rebounding in the Gulf in 2021

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The Gulf Cooperation Council (GCC) countries are experiencing fast recovery, aided by the rapid rollout of vaccination together with the pent-up demand, as a season of vigorous recovery in travel, tourism and the hospitality sector is awaiting in the second half of 2021.

The food and beverages (F&B) businesses in the UAE, Saudi Arabia and Qatar, await a season of boost in business. A recent study by Dubai Statistics Centre estimates growth to accelerate to 4% in the Emirate by 2021.

Qatar’s preparations leading up to hosting the FIFA World Cup 2022, the first in the Arab World and the Middle East, are increasingly opening business opportunities across sectors, including hospitality and restaurant business.

Building upon this momentum of the growing economy, POSist has expanded its reach in the Gulf. Serving over 9,000 restaurants in 35 countries, GCC is the second-largest market for POSist outside of India.

“It has been a significant year for us in the gulf market as we added strategic partners, customers and onboarded top-notch leadership to expand in the region,” said Ashish Tulsian, Co-Founder and CEO, POSist. “We have doubled our reach in the region since 2020. Our platform continues to deliver valuable results for our F&B customers as we add new features to our cloud-based software. We have a strong product roadmap for 2021. The best of what we are building is yet to come.”

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