The Middle Eastern retail major, LuLu Group recently opened its second hypermarket at BSD City, Tangerang, Indonesia, it was announced yesterday.
Located at the QBig, the new LuLu hypermarket was inaugurated by Himawan Hariyoga, the chairman of Investment Board of Indonesia; Dr Sutisno Rawita, deputy governor of Banten Province; Walid Darwish al-Raeesi of the UAE embassy in Jakarta; Yusuff Ali MA, LuLu Group chairman, and other top government officials.
LuLu, which opened its first hypermarket and department store in the capital city of Jakarta last year, is firm on its planned investment of $500mn as part of its expansion and intends to set up 10 hypermarket and department stores in the next three years in the country.
Yusuff Ali said, “The tremendous response for our first LuLu hypermarket opened last year in Cakung has encouraged us to further expand our operations in Indonesia and we plan to open another eight new hypermarkets in coming years.”
The first LuLu hypermarket and department store in the country was inaugurated by President Joko Widodo and has fast become a highly-popular shopping destination for residents in and around East Jakarta thanks to its high-quality products, vast product range, and competitive pricing, according to a company statement.
“With an initial investment of $300mn in the first phase, we plan to open 10 hypermarket and department stores by the end of 2018 and a central logistics and warehousing facility in Jakarta. These projects are likely to generate more than 5,000 job opportunities for Indonesians. We also plan to set up contract farming to ensure continuous supply of high-quality products and to support the Indonesian agriculture sector,” Yusuff Ali said.
With an area of over 200,000sq ft, the new store has wide aisles for easy shopping with a range of world-class products and brands, which includes fresh food, hot food, bakery, roastery, grocery, household, electronics, and appliances, among others.
A special section is devoted for promoting local products and the agricultural sector. “Our new hypermarkets will come up in Sentul and Jababeka and will generate new employment opportunities for at least 3,000 Indonesians. Apart from setting up hypermarkets, LuLu Group has also invested substantially in contract farming to increase their procurement from Indonesia for their global operations across the Middle East, Africa, and India,” the company said.
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