MANAMA: With the launch of the 6th LULU Hypermarket at Galleria Mall in Zinj area, the total investments by the Group has topped the $100 million mark and yet the Group plans to open two more malls in future, says Yusuffali MA, Chairman of LULU Group.
Mr. Yusuf Ali on the sidelines of the opening of the Lulu Hypermarket in Zinj told The24X7News Bahrain (www.twentyfoursevennews.com) that the Group plans to open two more hypermarkets beyond 2016. “This shows our commitment to the Kingdom of Bahrain and when we opened the first hypermarket, the Group earmarked to invest $100million in Bahrain, the figure we have already achieved, “says Mr. Yusuf.
In addition to investments, he adds, the Lulu Group continues to be a major job provider in the Kingdom with almost number of employees reaching 1200, with Bahrainis getting exposure to the retail segment and some specialized jobs categories as well.
Since, the arrival of the hypermarket concept in Bahrain in early 2000 by then FuCom Group by opening the Geant Hypermarkets, the concept has been revolutionized by the Lulu Group which now is covering the country’s most of the geographic locations better than any other Group.
The new concept has impacted the Kingdom’s economic sector positively as the investments in the retail sector serving as a catalyst to stir the investments in the other vital sectors.
LULU Group, Middle East retail major, continued its expansion by opening of its 65th Hypermarket in the Kingdom of Bahrain at Zinj and the opening ceremony was held under the patronage of H.E. Shaikh Khaled bin Abdulla Al Khalifa, Deputy Prime Minister of Bahrain in the presence of H.E. Zayed Al Zayani, Minister of Industry and Commerce, and other senior Government officials and various ambassadors at Galleria, in Zinj area.
“The success of Lulu Hypermarket in Bahrain, since it opened its doors here in 2007 has been due to the leaders and the people of the Kingdom of Bahrain,” adds Mr. Yusuf. “I encourage investors from all over the world to exploit the huge growth potentials by investing in Bahrain.”
“I take this opportunity to thank His Majesty King Hamad bin Isa Al Khalifa, HRH Prince Khalifa bin Salman Al Khalifa, the Prime Minister and HRH Prince Salman bin Hamad Al Khalifa, the Crown Prince and First Deputy Premier for their transformative leadership and the Government for its transparency, accessibility and effectiveness.”
Lulu Hypermarket has built its brand on the quality promise and we are very happy that the people of Bahrain have responded so warmly to the range of products, the cost-effectiveness and top quality of Lulu. Bahrainis have excellent people skills and have been the backbone of our business growth. We are proud of their participation in our multi-cultural employee force,” he added.
As always Lulu hypermarket provides the widest range of quality and value-for-money products all under one roof. It has separate sections for fresh fruits and vegetables, meat and poultry, dairy products, ready-to-eat products and a state-of-the-art live bakery and Hot Foods kitchen. The product mix in Lulu Zinj also includes a wide selection of premium UK and US goods, including special products air-flown for freshness.
“We have always believed that it’s our duty to nurture the local talent and currently there are more than 1100 Bahrainis who work with us not only here but in other GCC countries also. Our goal is to provide employment to another 500 people with the opening of our new projects,” concludes Mr. Yusuf.
