Salalah emerges as a tourist destination in Oman. The retail giant LuLu Group strengthened its presence in Oman with the grand launch of its hypermarket located at the newly developed Salalah Grand Mall.
- The new store offers over a wide range of high-quality products under categories like food, home furnishings, fashion, footwear, household and much more.
- The new hypermarket by LuLu Group is the 26th branch in Oman and 199th globally.
- The new store, which is spread over an area of about 100,000 square feet in a single level.
The prominent investments and expansions by Lulu Group are mentioned below.
Dec 2020: To boost e-commerce policy Lulu Hypermarkets has opened first dedicated fulfilmentcentre in the United Arab Emirates. The state-of-the-art fulfilment center is located at the ICAD Mussaffa in Abu Dhabi, UAE.
Oct 2020: Abu Dhabi based ADQ announced a non-binding agreement with Lulu International Holdings (LIHL), to support LIHLs expansion of operations in Egypt and will create more than 12,000 retail jobs in country.
January 2020: Hypermarkets and retail chain operator Lulu Group announced to invest $300 million in Karnataka, India, in the retail, logistics, and hospitality sectors. As part of this investment, the first Lulu mall will come up in Bengalurus Rajajinagar area. Lulu Group will construct two five-star hotels in Bengaluru through Twenty14 Holdings, the companys hospitality arm. The company also announced a modern logistics centre in the Uttara Kannada region of State.
December 2019: LuLu Group opened its 10th Hypermarket in Kuwait. The new hypermarket is one of the largest hypermarkets in Kuwait and also the 184th hypermarket of the LuLu group globally. The hypermarket has 150,000 square feet of commercial space and will serve residents in the Fahaheel region.
December 2019: LuLu Groups hospitality investment arm Twenty14 Holdings announced the opening of iconic Great Scotland Yard hotel in London, UK. The new Scotland Hotel will be managed by Hyatt under their The Unbound Collection by Hyatt brand, is located in the St. Jamess district of Westminster.
November 2019: LuLu announced the opening of its new hypermarket in Al Hamriya, in Dubai. The new hypermarket is located near Burjuman Metro Station and has a total built-up area of about 65,000 square feet. It features a wide array of products that vary from department store staples, such as groceries, fresh food, delicatessen items, freshly baked breads and pastries, fish and meat, and kitchen-crafted hot food. The hypermarket also has garments, footwear, electronics, household appliances and accessories, health and beauty products, stationery, and party needs for Al Hamriya customers.
August 2019: LuLu Group announced an investment of $500 million in Egypt. The company plans to establish new hypermarkets in different parts of Cairo. As per agreement with the Egyptian Authority, the group plans to set up six Hypermarkets and four mini markets with other developers from the private sector. The company also plans to enter into the wholesale market for vegetables and fruits and a logistics centre to support its retail activities in the country.
May 2019: Lulu Groups retail subsidiary Tablez announced to invest $75 million in the Indian market. The company plans to establish approximately 100 stores in India in the coming two years. The group currently operates around 40 stores all over India, across several categories including food and beverage (F&B), specialty retail, stationery and fashion segments.
About LuLu Group International
Lulu Group is a highly diversified conglomerate, headquartered in Abu Dhabi, UAE. The groups international business portfolio ranges from hypermarket operations to shopping mall development, hospitality assets, manufacturing and trading of goods, and real estate. The company mainly operates in around 22 countries located across the Middle East, the USA, Asia, and Europe.
LuLu Group Internationals retail division has the largest share in its core businesses. The group is the pioneer of the hypermarket business with LuLu Hypermarket. The company operates more than 180 LuLu stores and around 23 shopping malls across the GCC, Egypt, India, and the Far East.