Wednesday 18 October 2017
 
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Yusuff Ali (centre) with other dignitaries at the inauguration.

Lulu opens second hypermarket in Indonesia

JAKARTA, September 6, 2017

Lulu Group, a retail major, has opened its second hypermarket in Indonesia at BSD City, Tangerang.

Located at the QBig, the new Lulu hypermarket was inaugurated by Himawan Hariyoga, chairman of the Investment Board of Indonesia; Dr Sutisno Rawita, Deputy Governor of Banten Province; Walid Darwish Al Raeesi of UAE Embassy in Jakarta; Prabir Bhattacharaya, commerce attaché, Indian Embassy; Yusuff Ali MA, chairman of Lulu Group; and other officials.

Lulu, which opened its first hypermarket and department store in Indonesia in the capital city of Jakarta last year, is firm on its  planned investment of  $500 million in the country as part of its expansion. The group intends to set up 10 hypermarket and department stores in the next three years in the country.

Speaking to media, Yusuff Ali, said: “The tremendous response for our first Lulu Hypermarket opened last year in Cakung has encouraged us to further expand our operations in Indonesia and we plan to open another eight new hypermarkets in coming years.”

The first Lulu Hypermarket and Department store in the country,  inaugurated by President Joko “Jokowi” Widodo, has fast become a highly popular shopping destination for residents in and around East Jakarta thanks to its high-quality products, vast product range and competitive pricing, said the statement.

“With an initial investment of $300 million in the first phase, we plan to open 10 hypermarket and department stores by the end of 2018 and a central logistics and warehousing facility in Jakarta. These projects are likely to generate more than 5,000 job opportunities for Indonesians,” said Yusuff Ali.

The next two hypermarkets will come up in Sentul and Jababeka and will generate employment opportunities for at least 3,000 Indonesians.

“We also plan to set up contract farming to ensure continuous supply of high-quality products and to support the Indonesian agriculture sector,” he added.  Products are also procured from these farms for the group's global operations across the Middle East, Africa and India.

With an area of over 200,000 sq ft, the new store has got wide aisles for easy shopping with a range of world-class products and brands. A special section is devoted for promoting local products and agricultural sector. - TradeArabia News Service




Tags: Indonesia | LuLu | Hypermarket |

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