The first Lulu Group Malaysia hypermarket will open in February 2016, adding to the retailer’s hypermarkets and shopping centres in the Middle East and India.
The Abu Dhabi-based retailer confirmed its plans to open stores in Malaysia during a visit to the country.
Lulu Group managing director and chairman Yussuff Ali Ma met with Indian prime minister Narendra Modi and Malaysian prime minister Najob Abdul Razak in Kuala Lumper on 23 November, where Ma announced a RM1.3bn (US$300m) investment in opening ten hypermarkets over the next two years, according to Inside Retail Asia.
“Today the whole world knows about Malaysia’s economic stability, investor friendly approach, liberalised policies and world-class infrastructure and we are confident about our success here,” he said. “Our hypermarkets encompass both supermarket and department store formats and we intend to bring a whole new world of shopping to the residents of Malaysia.”
Work has already begun on the hypermarkets, with plans to train Malaysian staff in the Middle East.
Lulu Group operates 118 hypermarkets and shopping centres across the middle East and India.