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FINANCIAL NEWS
Abu Dhabi-Lulu Group aims USD 213.24mn investments in KSA
30 May 2016
(MENAFN) Abu Dhabi-based retail major ‘Lulu Group’ expanded its operations in the Saudi market with the launching of a new hypermarket in Jeddah.
Moreover, the group plans to setup four more hypermarkets this recent year, involving one in Jeddah and one each in Hail and Hofuf.
Accordingly, Lulu already invested USD 0.26bn and plans to invest more USD 213.24mn in the coming two years.
The new hypermarket is located on an area of more than 200,000 square feet and has the widest range of world class products.
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