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Fri 14 Feb 2020 01:07 AM

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UAE retail giant says to open 20 more hypermarkets by 2022

Lulu Group chief announces plans to open new stores in Abu Dhabi, Dubai and Sharjah over the next two years

UAE retail giant says to open 20 more hypermarkets by 2022

UAE retail giant Lulu Group has announced that it will open 20 hypermarkets within the next two years in the country.

According to Yusuff Ali MA, chairman and managing director of Lulu Group International, the new stores will open in Khalifa City, Al Falah, Riyadh City in Abu Dhabi, Silicon Oasis, Dubai South Mall in Dubai, Muwaila, Saja, Umm Al Tarafa in Sharjah.

He said: "[The] national economy in the UAE depends on several factors that include solid foundations, an increase of purchasing power, and the state of consumer optimism as revealed by the latest indicators and studies. This has encouraged us to further expand in the country."

As part of the expansion strategy, Lulu opened its first hypermarket in 2020 in Dubai South’s new lifestyle destination, Festival Plaza Mall.

Located within the commercial port and business hub of Jebel Ali, the hypermarket which is the group's 186th.

Spread across more than 56,000 square feet of total built-up area, the new store will house a massive collection of globally sourced and local products, plus hot food stations of world cuisines.

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