Middle Eastern retail giant LuLu Group has opened its first hypermarket in Malaysia. Located in the CapSqaure, Jalan Munshi area of Kuala Lumpur, the new hypermarket is spread across three levels and combines everything from grocery and supermarkets products to fashion, household and electronics.
The store marks the first step in the UAE-based group’s US$300m foray into the Asian nation, which includes plans to open 10 hypermarkets in Malaysia by the end of 2021. Yusuff Ali, chairman of LuLu Group, said a focus would be placed on sourcing local produce – where possible – to supply the growing network.
“We plan to set up contract farming to ensure continuous supply of high quality products and to support the Malaysian agriculture sector,” Ali explained.
The hypermarket was officially opened by Malaysian Prime Minister Datuk Sri Najib Tun Razak in the presence of ambassadors of UAE and the High Commission of India.
Along with the 10 hypermarkets already planned, Yusuff Ali also announced the group's intention to invest another US$500m in setting up the largest shopping mall in Malaysia.