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FINANCIAL NEWS
UAE-based Lulu Group will invest USD 13.32bn in India
11 Apr 2016
(MENAFN) UAE-based Lulu Group, which controls a retail chain of more than 120 hypermarkets in Oman and the Middle East, decided to invest USD 13.32bn in India.
The group plans to invest USD 13.32bn in India in the coming four years, which will open 12 hypermarkets in Saudi Arabia at USD 7.19bn.
In addition, it also has already zeroed in on building mega shopping complexes in Chennai, Hyderabad, Bengaluru and Thiruvananthapuram.
Lulu Group recently has 124 shopping malls, which works more than 35,000 people, and it has a 32 percent share of the retail market in the GCC nations.
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