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Investment and expansion plans on track

April 6 - 12, 2016
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Gulf Weekly Investment and expansion plans on track

Gulf Weekly Mai Al Khatib-Camille
By Mai Al Khatib-Camille

Lulu Hypermarket has added another string to its bow by launching its sixth mega-store in Zinj attracting swarms of local shoppers delighted with its convenient location and competitive offers.

The new outlet, which is the group’s 124th global store, was launched last Wednesday with a VIP-packed inauguration ceremony in the presence of Deputy Prime Minister Shaikh Khalid bin Abdulla Al Khalifa.

The Minister of Industry & Commerce Zayed Al Zayani, Labour Minister Jameel Humaidan, Lulu Group chairman Yusuffali M.A., ambassadors, ministers and leading local businessmen were also present.

The giant retail complex spans 10,000sq/m and is located close to Al Ahli Sports Club and adjacent to the US Embassy in the Galleria Mall. It is aimed at serving the residents of Salmaniya and Zinj, as well as attracting those living in Tubli and Isa Town.

There is a growing choice of stores for customers in the area and confident Mr Yusuffali believes it will keep his team on its toes. He said: “The opening of our sixth hypermarket in the country is a moment of great pride for the Lulu Group. We have no problem with others being in the proximity. We like healthy competition!”

Preschool teacher Jennifer Carty, 46, who lives in Isa Town, is thrilled with Lulu’s expansion, especially for its latest location which is conveniently situated close to her work. She said: “This outlet is great. I love Lulu and usually go to the one in Ramli Mall but as this store is close to work, it’s much better for me.

“I like that it’s consistent as well because when I walked in, although I only stopped for a few minutes, the layout was very similar to its other stores so you kind of know where everything is already.”

Since opening its doors in 2007, the UAE-based Lulu Group has expanded across the island and aims to continue growing with two more venues opening by the end of 2017 at Saar and Busaiteen.

Mr Yusuffali described Bahrain as ‘a great country’, ‘investment-friendly’ and was thankful to the country’s leaders and people for ‘their continuous support’.

“I will not back out of my BD100 million investment and expansion plans because of the current oil price and its impact on the economy. I will continue to go ahead,” he said. “It is also our endeavour to nurture local talent and a proof of this is our strong Bahraini workforce.

“There are more than 1,200 Bahrainis who work with us not only here but in other GCC countries and we will continue to support the government by giving employment to more Bahrainis in our new projects.”

The retail giant’s investment plans in the kingdom now look set to rise to BD145m in the next 18 months.







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