LuLu expands in Oman

Expanding its presence in Oman, Middle East retail major LuLu Group opened its new hypermarket in Suwaiq, a coastal town in the north east of Oman. The hypermarket, the 16th in Oman, was inaugurated by Shaikh Muhna Bin Saif Bin Salim Al Lamki, Governor of North Al Batinah in the presence of several high-ranking officials and representatives from local business communities.

The 100,000-sq-ft hypermarket will serve the residents of Suwaiq and its surrounding areas with a wide range of products from all over the world. 

The product mix in LuLu Suwaiq encompasses a wide selection of premium UK and US goods, including special products air-flown for freshness.  The new hypermarket will have lots of inaugural offers and deals in almost all categories.

Speaking on the occasion, Yusuffali MA, Chairman of LuLu Group, said: “Oman has always been a preferred destination for us due to its stable political environment and promising market. We thank His Majesty Sultan Qaboos Bin Said and the people of this country for encouraging us in all our expansion strategies in Oman.”  “The Group will open seven more hypermarkets in various regions of the Country in the next two years.”

Regardless of the challenges arising from the volatile oil prices, Yusuffali exuded optimism on the economic outlook of the country. 

“We’re very optimistic based on the circumstances in general. The impact of fluctuating oil prices is not going to distract us from the long-term goals of our business in Oman,” he said.

Lulu Group CEO Saifee Rupawala, Executive Director – Ashraf Ali MA, Oman Regional Director, Ananth AV and other top officials were also present.