Yusuff Ali MA, Chairman and Managing Director of LuLu Group yesterday expressed his ‘steady confidence’ in Bahrain’s bright future saying, “Our total investment in the Kingdom has already crossed BD125 million with seven hypermarkets and one mall.” The LuLu Group managing director also confirmed that the group’s expansion plans are firm and are on course to open their new project in the Muharaq Central Market by the second quarter of next year.
“Apart from this, our state-ofthe-art logistics centre spread around 400000 square feet, and trading & distribution through the centre not only supports our retail expansion but also help in ensuring food security,” said Yusuff Ali MA during the opening of the group’s latest Hypermarket in the newly opened Atrium Mall in Saar. The opening brings the retail giant’s total presence in the country to seven hypermarkets and one mall.
The opening of the 156th Lulu Hypermarket globally and the 7th in the country, Yusuff Ali M.A said, is a moment of great pride for us. “It is a sign of our steady confidence in the bright future of Bahrain and our commitment to be a part of the progress of the Kingdom”. The Hyper market was officially inaugurated by Shaikh Khalid bin Abdullah Al Khalifa, Deputy PM of Bahrain. Located in Saar, close to the Saudi-Bahrain Causeway, the sprawling 100,000 square feet new hypermarket will serve residents of Budaiya, Hamala, Saar and Janabiya and is also well-positioned to cater to visitors from Saudi Arabia across the border.
Thanking 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 and the people of Kingdom for encouraging expansion strategies, he further said, “Our growth in Bahrain is powered by the vision of the leadership, the business-friendly economic environment and the ability of our Bahraini employees to absorb and fit into LuLu service model which puts customers above all.”