UAE-based retail conglomerate LuLu Group has opened its first mall with a hypermarket in Malaysia.
It paves the way for the group’s plans to investment US$300 million in 10 LuLu Malaysia hypermarkets during the next five years. The group will also invest another $500 million to set up the largest shopping mall in Malaysia.
The 250,000 sqft (23,225 sqm) hypermarket was inaugurated by Malaysian Prime Minister Najib Tun Razak in the presence of deputy-PM Dr Ahmed Zahid Hamidi and other senior officials and dignitaries.
“The new hypermarket is ideally located in the CapSquare, Jalan Munshi area of Kuala Lumpur and is expected to be one of its kind in the country,” says LuLu Group.
Covering three levels, the hypermarket offers grocery and supermarket products, fashion, household goods, electronics and gadgets, as well as international hot food, fresh seafood and local produce.
LuLu Group chairman Yusuffali MA says the group also plans to open a central logistics and warehousing centre in Malaysia.
“We also plan to set up contract farming to ensure a continuous supply of high-quality products and to support the Malaysian agriculture sector.”
During an official visit to the UAE in 2014, Razak visited the LuLu hypermarket in Abu Dhabi and expressed a wish to see the brand in Malaysia.
The LuLu Group has about 1265 stores, including some in India and Indonesia, and employees more than 38,000 people. It is ranked by Deloitte as one of the top 10 fastest-growing retailers in the world.