Yusuff Ali, Chairman and Managing Director of LuLu Group International, announced on Monday that the conglomerate is set to build two expansive shopping malls in India, located in Ahmedabad and Chennai.
In an interview with ANI, Ali disclosed, “We are embarking on the construction of some of the largest shopping malls in Ahmedabad and Chennai, and our shopping mall in Hyderabad is set to open by the end of this month. Furthermore, we are actively exploring opportunities in various states for additional shopping malls and food processing facilities.”
Hyderabad will become the sixth city, following Kochi, Thiruvananthapuram, Bengaluru, Lucknow, and Coimbatore, where LuLu Group has established its presence in the shopping mall sector. Headquartered in Abu Dhabi, UAE, LuLu Group International has gained recognition as a trailblazer in the retail industry throughout the Middle East and North Africa. The group currently operates more than 250 hypermarkets and supermarkets, drawing a significant following of discerning shoppers across the GCC, Egypt, India, Indonesia, and Malaysia.
Commenting on the burgeoning ties between India and Saudi Arabia, Ali remarked, “A lot of liberalization and ease of doing business have transpired. The Prime Minister and the government have removed various restrictions, and we are very appreciative of these efforts.”
The announcement of these Memoranda of Understanding (MoUs) occurred alongside the visit of Saudi Arabian Prime Minister and Crown Prince Mohammed bin Salman Al Saud, who arrived in Delhi for a state visit after participating in the G20 Summit in New Delhi. This historic visit is poised to further solidify bilateral commercial and leadership relations.
Speaking on India’s G20 presidency, Ali commended Prime Minister Narendra Modi for his dedication and for hosting world leaders, emphasizing India’s global leadership role and rich cultural heritage.
LuLu Group boasts an international workforce of over 65,000 employees representing 42 different nationalities and enjoys an annual global turnover of USD 8 billion.