Lulu intends raising investment in Bahrain to $292m

Lulu Group said it will deepen its investment in Bahrain to reach BHD 110 million $292 million) during the group’s nine-year investment plan in Bahrain, said chairman Yusuf Ali.

The Indian leader in the Middle Eastern retail sector has opened its fifth hypermarket in Bahrain in the Juffair district on Wednesday. 

The chairman noted that Lulu intends to launch three other branches in Bahrain during 2016. Thus, Lulu will raise its chain number to eight hypermarkets.

 

Mubasher Contribution Time: 07-Jan-2016 06:24 (GMT)