Lulu Group Indonesia has opened its first hypermarket, in Jakarta.

Based in the UAE, the Lulu Group plans to invest US$500 million to set up 10 hypermarkets in Indonesia over the next three years.

Its first Lulu hypermarket was officially opened by Indonesian President Joko Widodo in the presence of Governor of Jakarta Basuki Tjahaja Purnama, Indonesian Trade Minister Thomas Trikasih Lembong, UAE Ambassador to Indonesia Ahmed Abdullah Al Mussali Al Awadi, Indonesian Ambassador to UAE Husin Bagis and other ministers and dignitaries.

In the Cakung sub-district of East Jakarta, the hypermarket covers more than 200,000 sqft (18,580 sqm).

Lulu Group chairman Yusuf Ali says the group also plans to set up a central logistics and warehouse centre in Jakarta.

“We also plan to set up contract farming to ensure a continuous supply of high-quality products and to support the Indonesian agriculture sector.”

The group has 126 stores (some in India) and more than 38,000 employees.