FINANCIAL NEWS

Lulu’s Saudi investment to reach USD 0.39bn

14 Jan 2016

(MENAFN) Lulu Group proclaimed the setup of four more hypermarkets organized for this current year; two in Jeddah and one each in Hail and Hofuf.

Moreover, the new hypermarket offers a one stop shopping destination for the increasing city residents, which involve a growing community of nationals and emigrants.

The hypermarket also houses Sparkys family entertainment, food court consisting of true Arabic fine dining, Arabic and Filipino cuisine and ATM and money exchange facilities.

In addition, it invested more than USD 213.13mn until now and plans to invest USD 186.49mn by the end of 2017, taking whole investment to more than USD 0.39bn.

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