Company also plans to open a central logistics and warehousing facility following Kuala Lumpur launch
The UAE-based Lulu Group has announced the opening of a hypermarket in Kuala Lumpur, marking the first of 10 planned launches in Malaysia.
The 250,000 square foot hypermarket consists of three levels and offers customers a variety of products including grocery, fashion, household products and electronics.
The hypermarket was inaugurated by the Malaysian Prime Minister Najib Razak, and other government officials were also present at the event.
“We are very pleased to welcome the Lulu brand to Malaysia as this will pave way for more international brands to come and invest in Malaysia. I am also hopeful that Lulu will surely open many more hypermarkets and malls not only in Kuala Lumpur but also in other parts of Malaysia,” said Razak.
The Lulu Group plans to invest $300 million to set up 10 hypermarkets in Malaysia over the next five years.
Yusuff Ali MA, chairman of Lulu Group commented at the inauguration saying that the company also plans to open a central logistics and warehousing facility in Malaysia, and that its operations in the country are likely to create over 5,000 job opportunities.