LuLu in deal to manage Adnoc mall
Abu Dhabi, June 18, 2013
Supermarket chain LuLu Group has signed an agreement with Abu Dhabi National Oil Company (Adnoc) to manage its Ruwais Shopping Mall in the UAE capital.
The operation will be run by LuLu subsidiary Line Investment and Property, reported the Gulf Daily News, our sister publication.
The mall will serve residents of the Ruwais Residential Complex (RRC), operated by Adnoc in the Ruwais area where the number of inhabitants is expected to reach 20,000 by 2015.
RRC has been witnessing continuous development and growth due to mega projects and developments, which have been executed by Adnoc in the oil and gas sector in Gharbia.
Adnoc continues to work on increasing the accommodation capacity at the complex through the build-up of further residential units.
The Ruwais Shopping Mall covers an area of 31,254 sqm, comprising 32 shops divided between two floors with four restaurants, five cafes and seven fast food outlets in addition to a number of recreational facilities.
These include ice rinks, bowling tracks, cinema halls and services facilities that cover an area of 13,522 square metres on built-up areas.
"Signing the agreement comes within the framework of Adnoc's care in providing a comfortable lifestyle for staff through developed housing facilities which take into consideration residents' daily needs to sustain good performance of employees and their families," said Adnoc director of administration Saeed Said Al Qamzi.
"The opening of this shopping mall is for serving the community of the Ruwais Residential and Industrial Complex and the population of Ruwais in general in a way that would serve the mega developments and projects' expansions of Adnoc in Ruwais.
"This contributes as well in the role of Adnoc in the development of Gharbia's various areas."
"We are delighted to be chosen by Adnoc to manage and operate this prestigious project in Ruwais," said LuLu Group International managing director Yusuffali MA.
"It is in sync with our group's commitment to expand further into the western regions of Abu Dhabi so that the residents there don't have to travel long distance to get world-class shopping and leisure activities," he added.-TradeArabia News Service