LuLu Hypermarkets to employ 4,000 Saudi nationals by the end of 2020
LuLu Hypermarkets is looking to employ more than 4,000 Saudi nationals by the end of 2020 – from which, 1,700 will be women, according to media reports.
The ambitious growth plans were revealed by chairman Yusuffali MA during the retailer’s tenth anniversary celebrations at Atayaf Mall, in Riyadh.
They are, however, down from a previous target revealed by Yusuffali, who said in July last year that his target was 6,000 Saudi nationals.
LuLu Group currently employs 2,700 Saudis in its hypermarkets across the kingdom, including 700 women.
Yusuffali is quoted by the Saudi Gazette as saying: “I think it is the duty of all businessmen and investors to create more jobs for the local youth.”
The UAE hypermarket giant has previously revealed plans to open 15 new hypermarkets in KSA by 2020 – Yusuffali said three have already opened and a further 11 are slated for completion before the end of next year – four in Dammam, six in Jeddah and one in Riyadh - as part of a $267 million investment in the country.
As part of the anniversary celebrations, LuLu announced the launch of LuLu-Win One Million Riyal promotion which will run for 10 weeks and 10 lucky winners will each receive a SR100,000 ($27,000) cash prize.