Middle East retail major Lulu Group has further expanded its presence in Kuwait by opening its latest hypermarket in Egaila in the Ahmadi Governorate.    

The new hypermarket, which is also its sixth in Kuwait, was officially inaugurated by Dr Abdullah S Al Owaisi, Undersecretary, Ministry of Commerce & Industry, in the presence of Sheikh Malek Al Hamoud Al Malek Al Sahab; Indian Ambassador to Kuwait Sunil Jain; and other high-ranking officials and representatives from local business communities.
 
Located at Sama Mall in South Kuwait, the new 150,000-sq-ft Lulu hypermarket will serve the residents of Egaila and its surrounding areas.

The hypermarket will have a wide range of quality and value-for-money products under one roof.  The product mix will also include a wide selection of premium UK and US goods, including special products air-flown for freshness. The outlet has also introduced inaugural offers and deals for a range of products at attractive prices.
 
Speaking after the inauguration, Yusuffali M A, chairman of Lulu, said: “Kuwait has always been a preferred destination for us because of its stable political environment and promising market. We thank His Highness the Amir Sabah Al Ahamad Al Jaber Al Sabah and the people of this country for encouraging us in all our expansion strategies and efforts in Kuwait”.  The group has also plans to open four new hypermarkets in various regions of the country in the next two years in a phased manner.              
 
Regardless of the challenges arising from the volatile oil prices, Yussufali expressed 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 Kuwait."  
 
Other important attendees at the inauguration included Lulu Group CEO Saifee Rupawala; executive director Ashraf Ali MA; and Kuwait regional director Mohamed Haris. - TradeArabia News Service