UAE-based retail chain LuLu Group has opened its first outlet in Malaysia as part of its plans to consolidate its retail presence in the Far East.
Located in the CapSquare, Jalan Munshi, Kuala Lumpur, the 250,000ft² hypermarket is spread in three levels and offers from grocery and supermarkets products to fashion, household and latest electronics and gadgets.
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LuLu recently announced its plans to invest $300m as part of its expansion strategy and proposes to open ten hypermarkets in the country by 2021.
Apart from these planned hypermarkets, LuLu plans another $500m investment to set up a shopping mall in Malaysia.
LuLu Group chairman Yusuff Ali said: "These projects are likely to generate more than 5,000 job opportunities for Malaysians.
"We also plan to set up contract farming to ensure continuous supply of high-quality products and to support the Malaysian agriculture sector."
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By GlobalDataThe group will also open hypermarkets in Kota Baru Kelantan, Shah Alam Selangor, Johar Baru, Bangi, Ipoh Perak, Malacca, Penang and Kuala Terengganu.
Speaking at the inaugural ceremony, Malaysia Prime Minister Najeeb Razak said: "We are very pleased to welcome LuLu brand to Malaysia as this will pave way for more international brands to come and invest in Malaysia.
"I am also hopeful that LuLu will surely open many more hypermarkets and malls not only in Kuala Lumpur, but also in other parts of Malaysia."
Last month, LuLu opened its first hypermarket in the Cakung sub district of East Jakarta, Indonesia. This outlet occupies an area of more than 200,000ft².
Image: Opening ceremony of LuLu’s first outlet in Malaysia. Photo: courtesy of LuLu Group.
