LuLu Group will open four more outlets in Qatar within one year, disclosed a top official of the group on Saturday.

Speaking to Gulf Times, Yusuffali MA, managing director, LuLu Group said the company is planning for a massive expansion in the country. “We will be opening 4 more outlets in the near future. The hypermarket at Al Messila will be opened within two months.”
“Three more outlets are in the pipeline. The next one is coming up at Muaither. We will announce the details and locations of the other projects very soon. We are investing QR 500 mn in these four new ventures,” continued the official. Mohamed Althaf, regional director of LuLu Group in Qatar was also present.
Yusuffali also dismissed rumours that the department store on Al Rayyan Road will be closed when the hypermarket at Al Messila is opened. “These are all rumours. At present we have no plan to close the LuLu Centre Department Store. It will continue to operate in the same fashion,” he added.
According to Yusuffali, Qatar is a great place to invest. “Qatar has a great visionary leadership which is an essential element for successful business operations. Again Qatar is ranked the second safest country globally. This makes it a place for any businessman to invest. Moreover, Qatar is an investor- friendly country. The country has very strong economic fundamentals which once again make it a favourite place for any investor,” he highlighted.
The business tycoon described the present downturn in the oil prices as temporary. He explained: “We have come across similar scenarios several times in the past. To be precise, we have faced it four times in the past. These are just temporary phases. This will soon change and things will become more vibrant in the coming years. Moreover the GCC countries have invested very wisely so that the oil price fluctuation does not affect them in a big way.”