Middle East retail major Lulu Group opened its newest hypermarket at Exit-30 Khurais Road, Riyadh, further boosting its retail presence in the Kingdom.
The 112th Lulu Hypermarket was inaugurated by Prince Saud Bin Abdullah Bin Abdul Aziz in the presence of H.E. Hamid Ali Rao, India's Ambassador to the Kingdom, Prince Bandar Bin Khalid Al Saud, Yusuff Ali M.A., Managing Director of Lulu Group, Kamel S. Al Munajjed, Chairman Saudi-India Joint Business Council, Saifee T Rupawala, CEO, Asharaf Ali M.A., Executive Director and Shehim Mohammed Regional Director of Lulu Group.
Prominent businessmen, government and municipality officials and other dignitaries were also present on the occasion. A large number of local and expat crowd also witnessed the opening event. The 240,000 sq ft hypermarket, which is expected to become the shopping destination of choice for residents of Riyadh, will showcase a fresh-food section comprising fruit, vegetables, dairy products, meat, fish and hot and cold ready-to-eat food.
The hypermarket also has a huge area dedicated to department store items such as electronics, IT products, home appliances, sports, stationery, furnishings and furniture and fashion brands for ladies, gents and kids, and 40 cash counters to ensure hassle- free shopping experience for shoppers.
In addition, and in true tradition of Lulu stores across the Gulf, the hypermarket will also feature the widest choice of world class brands at the fairest prices and also offers a whole world of shopping with a good selection of brands and product lines under one roof.
Lulu's winning formula of value for money quality shopping will be a matter of delight for the residents of Riyadh who will cherish the pleasurable shopping experience and the economy it offers.
“We are very clear in our approach to expansion I am very confident about the economic situation of Saudi Arabia and have full trust in the visions of King Abdullah Bin Abdul Aziz and we are fully committed to continue our forward march,” said Yusuff Ali M.A. after the inauguration. Lulu will open eight more hypermarkets in different parts of the Kingdom in the next 24 months, he added.
Lulu Hypermarkets which employ close to 32, 000 people in its various operations, has a very clear human resource development policy especially when it comes to providing training and job opportunities to the Saudi youth. Lulu employs Saudis in almost all categories and they are regularly sent to other countries for better training and growth prospects.
"Providing job opportunities to local youth is one of our core focus areas and we will continue to recruit more nationals into our operations in different categories from frontline sales staff to technical and managerial positions. With recession a thing of past, we see tremendous development taking place in Gulf economies and we intend to play our part in the growth process," added Yusuff Ali.