LuLu on expansion mode despite COVID challenges; Opened 10 hypermarkets in the first quarter of 2021 (January – March)
Dubai:UAE’S LuLu Group is moving ahead with its expansion plans as it opened its latest state-of-the-art hypermarkets at Nakheel’s Souq Warsan in Dubai. Ali Ibrahim, Deputy Director General of Dubai Economic Department officially inaugurated the Lulu Hypermarket at Souq Al Warsan in the presence of Yusuff Ali M.A, Chairman and Managing Director of LuLu Group, Omar Khoory, Chief Asset Officer of Nakheel and other officials.
Strategically located in close proximity of upcoming retail and entertainment destinations like Dubai Safari Park, Dragon Mart, and International City Pavilion, the 150,000 sq. feet two level hypermarket will serve catchment areas of Warsan Village, Al Khawaneej, International City Community and its nearby areas.
On the occasion, Yusuff Ali MA, Chairman of LuLu, said, “We are glad to see this beautiful store opening that will cater to a multi national communities residing in and around Warsan Village. Over the years of catering to different nationalities, we have seen growing demand for internationally sourced products which has prompted us to source and stock a wide range of products from all over the world available at most affordable prices in the market.”
“The challenges of COVID-19 are there, but I have full faith and confidence in the visionary leadership of this great country. It is the duty of all business organisations to continue their expansion plans and growth activities. This will help the economy recover faster, in order for us to get back to our normal life sooner”, he said.
“As the UAE marches towards its economic strategies for another 50-year progress, we will further strengthen our expansion plans and business investments to help support the ecosystem of businesses in this country and across the entire region. We are proud to be a part of UAE’s overall development and will continue to support sustainable development strategies. Due to the visionary leadership, there was no food shortage and all food stuff were easily available at affordable prices during this global health crisis. Thanks to the wise leadership” added Yusuffali.
Omar Khoory, Chief Assets and Hospitality Officer of Nakheel, said: “We are pleased to welcome LuLuHypermarket to Souk Warsan. As a leading hypermarket, LuLu will deliver great customer value and convenience for the local catchment area that includes resident’s in Nakheel’s Warsan Village and International City.”
This week itself, LuLuopened one hypermarket each in Cimone, Indonesia and Selangor, Malaysia taking the total store count of the Abu Dhabi-based retailer to 207.
In the first quarter of 2021 (January – March), the Group achieved a rare distinction of opening total of 10 new hypermarkets inUAE (3), Oman (2), Saudi Arabia (1), Kuwait (1), Egypt (1), Indonesia (1) and Malaysia(1) which is expected to add positive momentum for investment and economic growth in the region.
As part of the Lulu’s expansion plans, 10new hypermarkets are lined up to be opened in UAE alone in this year at various locations which include Buteena, Samnan in Sharjah, Riyadh City, Shamkha, Al Wathbain Abu Dhabi, Silicon Oasis, Satwa, Dubai South, Mankhool in Dubai.