COOKING A DEAL

CloudKitchens eyes Mideast IPO as food delivery sector heats up

Ghost kitchens are the unseen operations that largely fuel the food delivery business, using cheaper real estate to keep restaurant business costs down

Spencer Platt/Getty Images

Travis Kalanick looks out at the floor of the New York Stock Exchange

The Saudi PIF-backed ghost kitchen startup run by former Uber CEO Travis Kalanick is considering an IPO of its Middle East unit.

CloudKitchens has hired Goldman Sachs to work on the deal, which would involve a listing...