Abu Dhabi-based retail major LuLu Group further expanded its operations in the “hugely potential” Saudi Arabian market with the opening of its 125th hypermarket worldwide in Jeddah.



Prince Saud and Batterjee with Yusuffali; Ashraf Ali MA, executive director; Saifee Rupawala, CEO; Saleem VI, COO; Mohamed Althaf, director; and Mohamed Mustafa, regional director; LuLu Group, during the inauguration of the Jeddah outlet.

The newest outlet in Jeddah is the seventh LuLu hypermarket in Saudi Arabia. It is spread across an area of over 200,000 sq ft and has the “widest range of world class products at most competitive” prices.
The retail major said it was planning to add 12 more outlets in Saudi, which are slated to open by 2018 and further invest SR800mn in the next two years.
The latest hypermarket, which is located in Amir Fawaz district of Jeddah, was inaugurated by Prince Saud bin Abdullah bin Abdul Aziz and Mazen Mohamed Batterjee, vice-chairman of Jeddah Chamber of Commerce in the presence of many top officials and dignitaries including Arif Ali al-Taboor al-Nuaimi, the UAE Consul General.
Speaking to media, Yusuffali MA, LuLu Group chairman, said, “We plan to launch four more hypermarkets this year, including one more in Jeddah and one each in Hail and Hofuf. By 2018, we will launch eight more hypermarkets in the Kingdom including the holy cities of Makkah and Madinah.” 
Revealing his investment plans, Yusuffali said, “We have already invested SR1bn and intend to further invest SR800mn in the next two years, taking our total investment to more than SR1.8bn in the Kingdom. We are very confident that this great country will further prosper under the visionary leadership of King Salman bin Abdulaziz al-Saud, Crown Prince Mohammed bin Nayef bin Abdulaziz al-Saud and Deputy Crown Prince Mohamed bin Salman bin Abdulaziz al-Saud. I am really excited by the new 2030 vision declared recently by the Deputy Crown Prince Mohamed bin Salman and will explore all avenues to further boost our group’s investment here”.
With three stores in Riyadh, one each in Al Khobar, Jubail, Dammam and eight commissaries in its entity, LuLu has firmly established itself as one of the “most preferred” retail destination for both locals and the large expatriate community residing in the Kingdom.