Dr Saud Hamood Al Bugami, Under Secretary of Hail province, officially inaugurating 133rd Lulu Hypermarket in the city of Hail in Saudi Arabia in the presence of Yusuff Ali MA, Chairman of Lulu Group, Ashraf Ali MA, Executive Director, Saifee Rupawala, CE
The Middle East retail major Lulu Group has opened its latest hypermarket in the city of Hail, in the north-western province of the Kingdom of Saudi Arabia on Sunday.
The hypermarket was officially inaugurated by Dr Saud Hamood Al Bugami, Under Secretary of Hail province in the presence of several high-ranking officials from various government departments and representatives from local business communities. Yusuff Ali MA, Chairman of the Lulu Group, Saifee Rupawala, CEO, Ashraf Ali MA, Executive Director, other senior officials of Lulu were also present at the event along with a large number of residents.
The hypermarket, which is 8th in Kingdom and 133rd of the group, is spread over an area of about 160,000 square feet and will serve the residents of Al Jamiyeen District and its surrounding areas.
"This is our eighth hypermarket in the Kingdom. We have plans to open 20 new stores by 2020,” Yusuff Ali said, while describing the Kingdom as crucial to its expansion plan. “We have to expand aggressively here as the Kingdom is investing in its industries, which means more jobs and business.”
Regarding the current market scenario, he said the economic slowdown has had little impact on the retail sector, especially the hypermarket and supermarket segment. “There is no economic slowdown here, and business is as usual for us,” he said. Notably, the retail chain has not witnessed any discouraging signs as sales and revenue targets have been met, so far. The opening of the newest hypermarket saw the group, which is on a vast expansion mode, anchor itself firmly in the modern, customer-centric retail landscape of the Kingdom.
"The excitement surrounding the opening has been building among the residents of this region for several months, and we believe this store will be as popular with shoppers as our other existing stores” he added.
“We are very excited about the economic stability and growth prospects of Saudi Arabia under the visionary leadership of H M Salman bin Abdul Aziz Al Saud, King of Saudi Arabia & Custodian of Two Holy Mosques, HRH Muhammad bin Nayef bin Abdulaziz Al Saud, Crown Prince of Saudi Arabia, HRH Muhamed bin Salman Al Saud, Deputy Crown Prince."
“Vision 2030 is highly appreciated by the global business community and it will definitely transform the Kingdom into a global investment power and the Government is extending great support to the business community. The Saudi manpower is very productive and hardworking and I have mentioned this in the recent World Economic Forum held at Davos,” added Yusuff Ali.
With three stores in capital Riyadh, one each in Jeddah, Al Khobar, Jubail, Dammam and eight Commissaries in its entity, Lulu has firmly established itself as one of the most preferred retail destination for both locals and the large expatriate community residing in Saudi Arabia.
