Lulu Group opens 150th hypermarket, plans to invest SAR1-bn in KSA


July 19, 2018 | By RetailME Bureau

Lulu Group has crossed a major milestone as a leading retailer in the region by opening its 150th Hypermarket in Riyadh, Kingdom of Saudi Arabia. Located at the newly launched Atyaf Mall in Yarmouk, this mega hypermarket, the 13th in Saudi Arabia is spread across 220,000 sqft area and is the biggest in the Kingdom.

The Hypermarket was officially inaugurated by Engineer Ibrahim Al Omer, governor; Ibrahim Al Suwail, Dy. governor of Saudi General Investment Authority (SAGIA); along with Sheikh Shakhbout bin Nahyan Al Nahyan, UAE Ambassador to the Kingdom of Saudi Arabia; LuLu Group chairman Yusuffali MA; executive director Ashraf Ali MA; CEO Saifee Rupawala; Lulu Saudi director Shehim Mohammed; and other dignitaries & royal family members.

Commenting on the newly inaugurated hypermarket, Yusuffali says, “We are absolutely delighted to open our group’s 150th and KSA’s 13th hypermarket today in Riyadh and I am sure the shoppers here will be pleased by the new retail experience we have created here. Through our internationally sourced quality products and enthusiastic staff, Lulu has been the most preferred destination for different nationalities and we will continue to preserve this identity with our new store.”

Elaborating on Lulu Group’s expansion plans, he adds, “We see tremendous growth opportunities in the Kingdom and are glad to be part of the 2030 vision by further expanding our presence here. We will open another 15 hypermarkets by 2020 at an investment of SAR1 billion out of which five will be opened this year itself. This includes three Hypermarkets in Riyadh followed by one each in Tabuk and Dammam. This is apart from the SAR1 billion we have already invested in the Kingdom till now.”

Commenting on Saudisation and the Group’s training policy, Yusuffali states, “Currently, our group employs more than 3,000 Saudi nationals which is approximately 40% Saudization and our goal is to give employment to 6,000 Saudi nationals by the end of 2020. We have a very elaborate and effective multi-level training programme, through which we not only train them here but also send the local recruits to our other regions in the GCC & India for training in various departments. We have also tied up with Saudi vocational institutions and universities in this regard.

Apart from the retail expansion we are investing another SAR200 million in setting up a 1 million sqft state-of-the-art wholesale and logistics centre in King Abdulla Economic City (KAEC), which will not only support our retail expansion but also help in ensuring food security.

“We attribute our success to the visionary leadership of Custodian of the Two Holy Mosques King Salman, Crown Prince Muhammad Bin Salman, Deputy Premier and Minister of Defence, the government and the people of this great country who have always given tremendous support to investments and economic development,” concludes Yusuffali.

Previous Article Next Article

SHARE

YOU MAY ALSO LIKE /


Sunil Kumar, CEO, Spinneys

Starting as a shelf packer in 1994, Sunil Kumar saw his way 

Continue Reading

October 29, 2024 | By RetailME Bureau
Sunil Kumar and Debashish Mukherjee at MRF 2024

What does it take to sustain profitable growth in the post-IPO phase? 

Continue Reading

October 23, 2024 | By Anurima Das

Mahalle began its operations in 2022 as an “Authentic Turkish Grocery in 

Continue Reading

October 7, 2024 | By Anurima Das
Naresh Kumar Bhawnani, Founder & Chairman, West Zone Group

“Retail is a people’s business. When building a retail brand or the 

Continue Reading

October 3, 2024 | By RetailME Bureau
Sunil Kumar, CEO, Spinneys

From being one of the first retailers in Dubai to ban single-use 

Continue Reading

October 1, 2024 | By RetailME Bureau
Walid Shabana, Co-founder & CTO, Rabbit

For starters, Rabbit is a growing e-commerce grocery platform in Egypt always 

Continue Reading

September 30, 2024 | By RetailME Bureau
Arunachalam Palaniappan, CTO, Choithrams

In 2024 grocery retail major Choithrams has achieved several milestones underscoring its 

Continue Reading

September 12, 2024 | By RetailME Bureau
#Topshelftalks session at Food Business Forum 2024

Industry pioneers are embracing a comprehensive strategy that integrates consumer insights, digital 

Continue Reading

July 3, 2024 | By Anurima Das
#EdgeOfTomorrow session at Food Business Forum 2024

The regional grocery retail market is evolving fast keeping pace with constantly 

Continue Reading

July 3, 2024 | By Rupkatha B
#CartToCouch session at Food Business Forum 2024

If anything, the Middle East market is excited about quick commerce – 

Continue Reading

July 2, 2024 | By Rupkatha B
#EcoEchoes session at Food Business Forum 2024

From ethical and local sourcing to adopting cutting-edge technologies to curb food 

Continue Reading

July 2, 2024 | By Rupkatha B
#ByteSizedBreakthroughs session at Food Business Forum 2024

The regional grocery retail market is becoming more and more diverse, offering 

Continue Reading

July 2, 2024 | By Rupkatha B




Download Images RetailME Magazine