Lulu opens first mall and hypermarket in Malaysia


June 26, 2016 | By RetailME Bureau

UAE-based retailer, Lulu Group, further consolidates its retail presence in the Far East by opening the first Lulu Mall with Hypermarket in Malaysia. The 250,000 sqft hypermarket was inaugurated by the Malaysian prime minister Datuk Sri Najib Tun Razak in the presence of Dato Sri Dr Ahmed Zahid Hamidi, deputy prime minister, minister of agriculture, government officials, ambassador of the UAE, high commissioner of India and other dignitaries.

The Lulu Group had recently announced its plans to invest $300 million as part of its expansion and intention to set up 10 hypermarkets in the next five years in the country.

The new hypermarket is ideally located in the CapSqaure, Jalan Munshi area of Kuala Lumpur and is expected to be one-of-its-kind in the country. Spread over three levels, the new hypermarket combines everything from grocery and a variety of products to fashion, household and latest electronics gadgets. Hot, ready-to-eat food from around the world, fresh seafood and locally grown produce are some of the key highlights of the supermarket’s offering.

Speaking at the inaugural ceremony, prime minister Najeeb Razak welcomed the entry of the Lulu brand into Malaysia. “This will pave way for more international brands to come and invest in Malaysia. I am certain that Lulu will open many more hypermarkets and malls not only in Kuala Lumpur but also in other parts of Malaysia.”

“With an initial investment of $300 million in the first phase, we plan to open 10 hypermarkets by end-2021 and a central logistics and warehousing facility in Malaysia. These projects are likely to generate more than 5,000 job opportunities for Malaysians,” says Yusuffali MA, chairman, Lulu Group. “We also plan to set up contract farming to ensure continuous supply of high quality products and to support the Malaysian agriculture sector.”

“Today the whole world knows about Malaysia’s economic stability, investor-friendly approach, liberalised policies and world-class infrastructure and we are confident about our success here. Our hypermarkets encompass both supermarket and department store formats and we intend to bring a whole new world of shopping to the residents of Malaysia,” adds Yusuffali.

Lulu is planning to open hypermarkets in Kota Baru (Kelantan), Shah Alam (Selangor), Johar Baru, Bangi, Ipoh (Perak), Malacca, Penang and Kuala Terengganu.

New project

Apart from the 10 hypermarkets that are already planned, Yusuffali also announced the group’s plan for an additional $500 million investment in setting up the largest shopping mall in Malaysia.

During his official visit to the UAE in 2014, Malaysian prime minister Najeeb Razak had visited Lulu Hypermarket in Abu Dhabi and expressed his keen desire to have Lulu’s presence in Malaysia. He was especially impressed with the high standards of operations, quality and variety of products and service offered by Lulu.

The Lulu Group is currently one of the largest grocery retail chains in the Middle East and operates 126 stores across the GCC, Egypt, India and Indonesia. The group employs more than 38,000 people of different nationalities and is ranked by Deloitte as one of the top 10 fastest growing retailers in the world.

Previous Article Next Article

SHARE

YOU MAY ALSO LIKE /


Jean-Luc Graziato, Chief Commercial Officer of Majid Al Futtaim – Retail and Alia Al Harmoodi, Acting CEO of the Environment, Health and Safety Agency

Majid Al Futtaim – Retail, which holds the exclusive franchise to operate 

Continue Reading

February 20, 2024 | By RetailME Bureau
Krishna Dhanak, Managing Director, Alpen Capital

In an exclusive interview Krishna Dhanak, Managing Director, Alpen Capital shared insights 

Continue Reading

February 19, 2024 | By Rupkatha B
Majed M. Al-Tahan, Co-founder & Managing Director, Danube Online

As digital transformation across the retail industry continues to accelerate, the expectations 

Continue Reading

December 19, 2023 | By RetailME Bureau
Frederic Levy-Perrault, CEO, Al Raya Supermarket

Saudi Arabia-based grocery retail chain Al Raya Supermarket serves over 100,000 customers 

Continue Reading

December 15, 2023 | By RetailME Bureau
Ahmad AR. BinDawood, Chief Executive Officer, BinDawood Holding

BinDawood Holding has a rich Saudi heritage, spanning over 50 years, 38 

Continue Reading

December 13, 2023 | By RetailME Bureau
Majid Al Futtaim Retail commits to Collaborative Impact Goals at COP28

Majid Al Futtaim Retail, which owns the exclusive rights to operate Carrefour 

Continue Reading

December 8, 2023 | By Rupkatha B
BinDawood Holding Company earns Honorary Shield for Compliance Excellence

BinDawood Holding Company has earned an Honorary Shield, a distinguished recognition by 

Continue Reading

December 6, 2023 | By RetailME Bureau
First Movers Coalition for Food to create up to $20-bn value chain for sustainable farming

The World Economic Forum, with support from the Government of the United 

Continue Reading

December 5, 2023 | By RetailME Bureau
Food consumption in the GCC to grow at a steady pace

Food consumption in the GCC is set to grow at a CAGR 

Continue Reading

November 29, 2023 | By RetailME Bureau
Carrefour urges customers to ‘Choose Better’

Carrefour, operated by Majid Al Futtaim in the UAE, has set up 

Continue Reading

November 28, 2023 | By RetailME Bureau
GMG opens Monoprix outlet in Abu Dhabi

GMG’s Everyday Goods – Retail division is now expanding into the country’s 

Continue Reading

November 27, 2023 | By RetailME Bureau
Spinneys to open second store in Riyadh’s KAFD in partnership with Al-Hokair Group

Following a partnership deal between food and grocery retailer Spinneys Dubai and 

Continue Reading

November 22, 2023 | By RetailME Bureau




Download Images RetailME Magazine