Crown Prince receives Sudan's Sovereign Council President in Makkah, agrees to establish coordination council    World's largest barbershop opens at Clock Towers Center in Makkah to serve pilgrims    Haram authority provides diverse services to 4000 itikaf observers from 120 countries at Prophet's Mosque    Royal Court mourns Dr. Motleb Al-Nafisah, longtime minister and legal architect, at 88    Tourism ministry to penalize 150 erring tourism offices    Saudi non-oil exports jump 10.7% in January    Rubio says US revoked visas of over 300 foreign students in campus crackdown    Canada PM declares end of 'old relationship' with US amid tariff dispute    King Charles cancels Birmingham visit after brief hospital stay for cancer treatment side effects    Australia to hold federal election on May 3 as Albanese battles Dutton for second term    Saudi creatives shine at Jeddah's Fawanees Nights with art, fashion, and storytelling    OMODA&JAECOO Accelerate Global Expansion JAECOO J8 records strong first month orders in Saudi Arabia, J5 prepares for launch    LOT - The Value Shop makes its grand debut in Hafar Al-Batin    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    Disney's Snow White film tops box office despite bad reviews    NewJeans announces hiatus after setback in court battle    George Foreman, heavyweight champion and cultural icon, dies at 76    Court rules against K-pop group NewJeans in record label dispute    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 Group unveils SR1 billion expansion plan
Published in The Saudi Gazette on 13 - 10 - 2019

LuLu Hypermarkets, one of the largest retailers in the region, is upbeat about the investment climate of KSA and is planning big expansion plans in coming years. Talking to media during the 10th anniversary celebrations held at Atayaf Mall in Riyadh, chairman Yusuffali MA unveiled LuLu Group's plans.
Engineer Saad Al Gamdi, Head of Saudization Program (Tawteen), Ministry of Labor, along with Yusuffali MA, Chairman of LuLu Group, officially inaugurated anniversary celebrations in the presence of senior officials and a large number of shoppers.
Elaborating LuLu Group's journey so far, Yusuffali said "with a modest beginning in the 2009, today we have 17 hypermarkets, 12 Aramco commissaries and National Guard supermarkets which is a testimony of our acceptance in the country thanks to our fair pricing and highest quality product range.
We see tremendous growth opportunity in the kingdom. We have already announced that by year 2020, we will open 15 new hypermarkets in Saudi Arabia. Under this plan, 3 hypermarkets have already been opened & another 11 hypermarkets will be completed before end of 2020 at an investment of SR1 billion. This includes 4 in Dammam, 6 in Jeddah and 1 in Riyadh. This is apart from the SR1.7 billion that we have already invested in the Kingdom till now".
On the occasion, LuLu honored 10 long serving Saudi nationals with gold medals and certificates who were all part of LuLu's growth story in the Kingdom. Congratulating the Saudi staff, Yusuffali said "we consider it our duty to nurture them as we have a very hardworking, dedicated and productive manpower among Saudi nationals.
LuLu Group currently employs 2,700 Saudi nationals including 700 women in their various hypermarkets across the Kingdom. Out of the total Saudi work force employed in our group, half of them are from small town like Hail, Tabuk, Hassa and Jubail. "Our goal is to give e-m1ployment to more than 4,000 nationals by the end of 2020 out of which 1,700 will be women," added Yusuffali, noting that his group gives priority in generating jobs for young Saudis, especially women. "I think it is the duty of all businessmen and investors to create more jobs for the local youth."
"We also take this opportunity to extend our gratitude to the Custodian of the Two Holy Mosques King Salman Bin Abdul Aziz Al Saud, Crown Prince Muhammad Bin Salman, deputy premier and minister of defense and the government who have always given tremendous support to investments and economic development which ultimately generate more employment opportunities to the Saudi citizens."
On the occasion of 10th anniversary celebrations, LuLu announced the launch of LuLu-Win One Million Riyal promotion which will run for 10 weeks and 10 lucky winners will each getting SR100,000 cash prize. — SG
.


Clic here to read the story from its source.