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NRI-owned Lulu Group opens its first hypermarket in Malaysia

Yusuff Ali MA

Kuala Lumpur, June 30 (UITV)- NRI-owned Lulu Group, one of the largest retail chains in the Middle East, has opened its first hypermarket in Malaysia as part of its plan to invest $300m in the Southeast Asian countries. The group had recently announced its plan to invest $300m as part of its expansion and intends to setup 10 hypermarkets in the next five year in Malaysia.

The hypermarket was inaugurated by Malaysian Prime Minister Najib Razak in presence of Ambassador of the UAE and High Commissioner of India T S Tirumurti and other dignitaries.

“We are very pleased to welcome Lulu brand in Malaysia as this will pave way for more international brands to come and incest 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,” PM said.

The new hypermarket is expected to attract large segment of population from all walks of life. It is spread in three levels and combines grocery and supermarkets products to fashion, households and latest electronics and gadgets. These projects are likely to generate more than 5,000 job opportunities for Malaysians.

The Lulu Group, one of the largest retail chains in the Middle East. Ranked by Deloitte as one of the top 10 fastest growing retailers in the world, it employs more than 38,000 people in the world.