UAE-based retail major Lulu Group is all set to spread its reach in other parts of the globe. To strengthen its retail presence in the Far Eastern region, the company has opened its first hypermarket in Kuala Lumpur, Malaysia.
Spread in whooping 2, 50,000 sq ft, the hypermarket was inaugurated by the Malaysian Prime Minister Datuk Sri Najib Tun Razak in the presence of Dato Sri Dr Ahmed Zahid Hamidi, Deputy Prime Minister, Minister of Agriculture and some other senior government officials.
Lately, Lulu had announced to invest $300 million over the next five years in Malaysia on 10 hypermarkets.
Expected to be one of its kind in the country, the newly opened hypermarket is perfectly located in the CapSqaure, Jalan Munshi area of Kuala Lumpur. It is believed that it will draw people’s attraction from all walks of life! Numerous attractive product offers and range will attract a large segment of population. .
According to the retailer’s statement, the hypermarket is spread in three levels and combines everything from grocery and supermarkets products to fashion, household and latest electronics and gadgets. Platter from different destinations to tempt various palates, besides fresh seafood and locally grown produce are some of the key highlights in the supermarket area.
Speaking at the launch, Najeeb Razak said, “We are pleased to welcome Lulu brand to Malaysia as this will pave way for more international brands to come and invest in the country. Lulu’s plan to open many more hypermarkets and malls not only in Kuala Lumpur but also in other parts of Malaysia, will surely give a facelift to the urbane culture.”
Yusuff Ali MA, the chairman, said, “Initially, in the first phase, we are planning to invest $300 million to open 10 hypermarkets by the end of 2021. We also plan to set up contract farming to ensure continuous supply of high quality products and to support the Malaysian agriculture sector. There are also plans to initiate a central logistics and warehousing facility in Malaysia as well. This endevour will not only boost up the economy, but these projects will also generate more than 5,000 job opportunities for Malaysians.”
It is worth mentioning here that Lulu, one of the largest retail chains in the Middle East, currently operates 126 stores across the India, GCC, Egypt and Indonesia. Besides this, it has generated massive employment opportunities and employs more than 38,000 people from different nationalities.