Defense, interior, and national guard ministers extend Eid greetings, praise efforts of military and security personnel    Worshippers in Makkah and Madinah perform Eid Al-Fitr prayer    Saudi authorities shut down food factories and branches over suspected poisoning cases    Saudi Arabia welcomes formation of new Syrian government, expresses hope for stronger ties    Saudi Transport Authority says passengers can ride for free if taxi meters are off    Ministry of Education forms 425 community partnerships with SR653 million impact    Syria forms new government with 22 ministers including one woman President Sharaa vows reform and transparency    Israeli army fires warning shots at UN peacekeepers in southern Lebanon    Denmark rebukes US Vice President Vance over Greenland remarks    Hamas accepts new Gaza ceasefire proposal brokered by Egypt and Qatar    Mexico bans junk food in schools to fight childhood obesity epidemic    Makkah and Madinah mobile data usage exceeds global average during Ramadan: CST    Elon Musk's xAI acquires X in all-stock deal    Sweet sales surge ahead of Eid as Saudi chocolate imports top 123 million kg in 2024    Saudi creatives shine at Jeddah's Fawanees Nights with art, fashion, and storytelling    100 Thieves claim Marvel Rivals Invitational NA crown as 2025 scene heats up    T1 CEO confirms Gumayusi's return for LCK Spring after lineup shakeup    Bollywood actress vindicated over boyfriend's death after media hounding    Saudi Arabia hold Japan to goalless draw in Saitama to stay in World Cup hunt    NewJeans announces hiatus after setback in court battle    George Foreman, heavyweight champion and cultural icon, dies at 76    Grand Mufti rules against posting prayers and preaching in mosques on social media    King Salman prays for peace and stability for Palestinians in Ramadan message King reaffirms Saudi Arabia's commitment to serving the Two Holy Mosques and pilgrims    Bollywood star Saif Ali Khan 'out of danger' after attack at home in Mumbai    Exotic Taif Roses Simulation Performed at Taif Rose Festival    Asian shares mixed Tuesday    Weather Forecast for Tuesday    Saudi Tourism Authority Participates in Arabian Travel Market Exhibition in Dubai    Minister of Industry Announces 50 Investment Opportunities Worth over SAR 96 Billion in Machinery, Equipment Sector    HRH Crown Prince Offers Condolences to Crown Prince of Kuwait on Death of Sheikh Fawaz Salman Abdullah Al-Ali Al-Malek Al-Sabah    HRH Crown Prince Congratulates Santiago Peña on Winning Presidential Election in Paraguay    SDAIA Launches 1st Phase of 'Elevate Program' to Train 1,000 Women on Data, AI    41 Saudi Citizens and 171 Others from Brotherly and Friendly Countries Arrive in Saudi Arabia from Sudan    Saudi Arabia Hosts 1st Meeting of Arab Authorities Controlling Medicines    General Directorate of Narcotics Control Foils Attempt to Smuggle over 5 Million Amphetamine Pills    NAVI Javelins Crowned as Champions of Women's Counter-Strike: Global Offensive (CS:GO) Competitions    Saudi Karate Team Wins Four Medals in World Youth League Championship    Third Edition of FIFA Forward Program Kicks off in Riyadh    Evacuated from Sudan, 187 Nationals from Several Countries Arrive in Jeddah    SPA Documents Thajjud Prayer at Prophet's Mosque in Madinah    SFDA Recommends to Test Blood Sugar at Home Two or Three Hours after Meals    SFDA Offers Various Recommendations for Safe Food Frying    SFDA Provides Five Tips for Using Home Blood Pressure Monitor    SFDA: Instant Soup Contains Large Amounts of Salt    Mawani: New shipping service to connect Jubail Commercial Port to 11 global ports    Custodian of the Two Holy Mosques Delivers Speech to Pilgrims, Citizens, Residents and Muslims around the World    Sheikh Al-Issa in Arafah's Sermon: Allaah Blessed You by Making It Easy for You to Carry out This Obligation. Thus, Ensure Following the Guidance of Your Prophet    Custodian of the Two Holy Mosques addresses citizens and all Muslims on the occasion of the Holy month of Ramadan    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



LuLu to invest SR1.8b, create 5,000 jobs for Saudis by 2018
Published in The Saudi Gazette on 29 - 05 - 2016

LuLu Group, the Abu Dhabi-based retail major with its aggressive expansion in the Saudi Arabian market, is all set to open its first hypermarket in Jeddah, second largest city and an important commercial hub in Saudi Arabia on Sunday. It is the group's seventh store in the Kingdom and 125th globally.
Speaking to the media on the newest project, Yusuffali M.A., chairman of LuLu Group, said, "Ever since we have set foot in Saudi Arabia, we have been witnessing tremendous success in all our endeavors in the Kingdom's retail sector. We are very confident that this great country will further prosper under the visionary leadership of Custodian of the Two Holy Mosques King Salman Bin Abdulaziz, Crown Prince Muhammad Bin Naif and Deputy Crown Prince Muhammad Bin Salman.
"The government's vision and policies, the progressive political environment and robust economy have encouraged and provided a favorable environment for us to continue to establish ourselves and contribute to the economic growth of the Kingdom. The ‘Vision 2030', which was announced recently by Deputy Crown Prince Muhammad Bin Salman, will take the country to a new era of development and growth. The business community across the world is looking at Saudi Arabia with renewed interest which will surely push the non-oil commercial activities in the Kingdom."
Yusuffali said his group plans to launch four more hypermarkets this year, including one in Briman in Jeddah and two in Hail and Hofuf. "By 2018, we will launch eight more hypermarkets in the Kingdom including in the holy cities of Makkah and Madinah," he added.
Revealing his investment plans, Yusuffali said, "We have already invested SR1 billion and intend to further invest SR800 million in the next two years, taking our total investment to more than SR1.8 billion in the Kingdom."
"LuLu is committed to do its bit in the Kingdom by opening more outlets, thereby generating more employment opportunities to the talented Saudis. The opening of our first Hypermarket in Jeddah and seventh in the country underscores our increasing presence in the region and our commitment to serve one of the growing and important markets in Saudi Arabia," the businessman said.
"We have always believed that it's our duty to nurture local talent and train them in managerial positions. Currently 1,700 Saudis including women work with us and our goal is to provide employment to 5,000 Saudi nationals by the end of 2018," said Yusuffali.
With three stores in the capital Riyadh, on each in Al-Khobar, Jubail, Dammam and eight commissaries, LuLu has firmly established itself as one of the most preferred retail destination for both locals and the large expatriate community residing in the Kingdom.


Clic here to read the story from its source.