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The UAE-based Lulu Hypermarket group plans to invest AED250 million ($68 million) in Bahrain within the next year, its managing director has revealed.
Lulu Hypermarket, a division of EMKE Group plans to open its first hypermarket in the country at Dana Mall in the Seef district of Manama.
"This hypermarket will be a totally new experience for all the discerning shoppers of Bahrain, and we are leaving no stones unturned to make this hypermarket the best shopping destination," said Yusuffali M.A., managing director, Lulu Hypermarket group.
The 175,000ft² space will offer dedicated sections for categories including electronics, white goods, household, vegetables, poultry and meats.
"I am sure we will get the same response from all the residents here as we are getting in our other hypermarkets in other parts of the Middle East. We will be investing BD25 million (AED250 million) in Bahrain in different projects in the next year," said Yusuffali.
The project will create 150 jobs for Bahraini nationals, after the group entered an agreement with Bahrain Labour Ministry's National Employment Project, with further expansion plans set to generate further opportunities.
"We are not only recruiting the local youth for our Bahrain operations but also deploying them in our operations in other GCC countries for both employment and training," Yusuffali added.
This is not the right time to start launching studios, the economic situation in Europe is getting worse daily and is likely to create big ripples in UAE... more
Monday, 21 May 2012 2:15 PM - Red SnappaLet's see what will happen and if this project will go ahead. Only time will show. What happens to the other projects? not much is going on? Are investors... more
Monday, 21 May 2012 11:49 AM - Greg
That is probably one of the silliest moves that will hinder business and interaction.
Almost every company has dealings with some form of foreign entity... more
I find it amazing taht the very same people who 4 years ago were singing praises are today lamenting funeral wakes.
Business is a risk and about decision... more
What does "USA-tailored regime" and Iraq have to do with this story is beyond me. more
Monday, 21 May 2012 4:40 PM - Alithe majority of expats (as most people here argue that its a majority painting an entire nation the villain)....why are the filipinos and indians not the... more
Sunday, 20 May 2012 9:17 AM - ArthurIt is the Arabian Gulf because firstly Persia hasn't existed since 1935 and, therefore, does not appear on modern maps. So, by saying Persian Gulf we are... more
Sunday, 20 May 2012 7:40 PM - Juma Said JumaThis is not the right time to start launching studios, the economic situation in Europe is getting worse daily and is likely to create big ripples in UAE... more
Monday, 21 May 2012 2:15 PM - Red SnappaIn this part of the world, it will everlastingly be the Arabian Gulf because there is absolutely nothing persian about the Arabian Gulf. more
Monday, 21 May 2012 7:03 PM - Fahdseveral good points made here however democracy is about all the people and there are over 4 million people in Kuwait, Kuwaitis and expats we the expats... more
Friday, 18 May 2012 7:32 PM - jamesthe majority of expats (as most people here argue that its a majority painting an entire nation the villain)....why are the filipinos and indians not the... more
Sunday, 20 May 2012 9:17 AM - ArthurHOW CAN WE FORGET 2008, WHY DID YOU NOT FORGET TO PAY ALL YOUR STAFF BONUSES LIKE YOU HAVE DONE ON THE PAST TWO OCCASIONS , YET YOU CANT COMPENSATE OR... more
Wednesday, 16 May 2012 4:51 PM - MOOSAThe words one should read and think about are "it COULD make sense to sell Emirates in the future". Sir Flanagan does not say it does make sense at this... more
Thursday, 10 May 2012 11:16 AM - Paul dxbWhen I first went to live in ABu Dhabi - I clicked up a couple of speeding fines during the frist year (on empty roads and certainly not tailgating - but... more
Thursday, 17 May 2012 5:45 PM - BaffyNEVER BUY PROPERTY IN ARAB COUNTRIES !!! more
Sunday, 6 May 2012 6:37 PM - Rene
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