Weekender Bahrain, Tuesday, June 25 2019

171st LULU OPENS

admin 25-May-2019

171st LULU OPENS

Notables attend Inauguration 

One of the biggest and most loved retail hypermarkets continues to grow as it makes shopping a winning experience for residents in Bahrain, having opened its 8th branch in Muharraq recently. 

The second-largest island of the Kingdom, the sprawling 90,000 sq. feet new hypermarket which is also 8th in the country leads the redesigning of the Muharraq Central Market space and is expected to revitalize business in one of the most historic trading hubs in Bahrain. It has been designed using the latest retail space concepts and most modern technology for ease of shopping and will serve the residents of Muharraq and Busaiteen, which are densely populated residential areas and a trading hub. 

“Elaborating on the group’s expansion plans, Yusuffali MA, Chairman of Lulu said, “We are upbeat about the economy and the vast investment opportunities laid open in the countries that we are expanding in, thanks to the visionary leadership of its rulers and the authorities. The opening of the latest hypermarket in the Kingdom is a sign of our steady confidence in the bright future of Bahrain.” He added that the Lulu brand will revitalize this historic trading hub which will undoubtedly help small and medium traders (SMEs) in the area to develop their business. 

BD130 Million Invested

“Our total investment in the Kingdom of Bahrain has already crossed BD130 million with eight hypermarkets and one mall. Apart from this, our state-of-the-art logistics center spread around 400,000 sqft, and trading and distribution through the center not only supports our retail expansion but also helps ensure food security. 

Yusuffali reiterated Lulu’s commitment to the government of Bahrain’s training and employment goals for Bahrainis. “It is our endeavor to nurture the local talent and the proof of this is our strong Bahraini workforce that forms the nucleus of our operations here in Bahrain. We work closely with the Ministry of Labour to offer Bahrainis the requisite training to nurture their talent and are proud to say that Bahrainis have proved successful in managerial and specialized positions not only in the Kingdom but across the Lulu network in other GCC countries as well. There are more than 1,200 Bahrainis, which includes 450 ladies, who work in the Group and we will continue to support the Government’s Bahranization plan by giving employment to more Bahrainis. Currently, we are in the process of giving employment to another 500 Bahrainis within the next one year.” 

“We also take this opportunity to extend our gratitude to His Majesty King Hamad bin Isa Al Khalifa, HRH Prince Khalifa bin Salman Al Khalifa, the Prime Minister, and HRH Prince Salman bin Hamad Al Khalifa, the Crown Prince and First Deputy Premier and the people of this great country for encouraging us in all our expansion strategies and efforts in Bahrain which ultimately generate more employment opportunities to Bahrainis”, added Yusuffali.