Dubai-Mubasher: Lulu Hypermarkets plans to boost its investments in Saudi Arabia to reach SAR 1.5 billion ($400 million).
It is the 6th branch in Saudi Arabia and 121st in the GCC, according to the group’s statement.
“We have already invested more than SAR 800 million till now and intend to further invest SAR 700 million by the end of 2017, taking our total investment to more than SAR 1.5 billion in the Kingdom,” said the group’s Managing Director Yusuff Ali MA.
The group will launch six more branches in 2017 in the Kingdom, including in Makkah and Madina.
