Lulu Group to invest $213m in KSA expansion

RetailME Bureau

UAE-based LuLu Group will open eight more hypermarkets in Saudi Arabia in two years and invest $213 million in the expansion across the Kingdom, says Yusuffali MA, managing director of LuLu Group.

“We are very clear in our approach to expansion. I am very confident about the economic situation of Saudi Arabia and we are fully committed to continue our forwards march,” he adds.

The group has recently opened a new hypermarket in Riyadh, taking the count to 112.