Lulu Group will expand in India, will open shopping malls in Chennai and Ahmedabad

Yusuf Ali, chairman and managing director (MD) of Lulu Group International, said on Monday that his company is going to set up two big shopping malls. These malls will be in Ahmedabad, the capital of Gujarat, and Chennai, the capital of Tamil Nadu.

Speaking to news agency ANI, Ali said that we are going to build one of the biggest shopping malls in Ahmedabad and Chennai and we are opening our shopping mall in Hyderabad later this month. Apart from this, we are going to different states for shopping malls and food processing.

Hyderabad will be the sixth city after Kochi, Thiruvananthapuram, Bengaluru, Lucknow, and Coimbatore. Where Lulu Group is going to open a mall.

On the sidelines of agreements signed between Indian and Saudi Arabian companies in IT, agriculture, pharma, petrochemical, and other sectors, he said that relations between Saudi Arabia and India have reached a new height.

Many restrictions have been removed by the PM and the government. There has been a lot of liberalization and ease of doing business. We thank them.

Lulu Group is headquartered in Abu Dhabi, UAE. Lulu Group is considered a trendsetter company in the Middle East and North Africa region. The company operates more than 250 hypermarkets and supermarkets in the GCC countries as well as Egypt, India, Indonesia, and Malaysia. Lulu Group has approximately 65,000 employees working in 42 different countries. The company's annual turnover is $8 billion.