Lulu Group Announces Massive Expansion; To Launch Mall and Hypermarket in Hyderabad
Lulu Group Announces Massive Expansion; To Launch Mall and Hypermarket in Hyderabad
April 11, 2023
Hyderabad, India, is set to welcome its first Lulu Mall and Lulu Hypermarket as the UAE based retail giant, Lulu Group, ventures into the state of Telangana. Yusuff Ali MA, the Chairman of Lulu Group, made the announcement during a press conference in the city. The opening of the mall and hypermarket follows
several discussions and an MOU between Lulu Group and the Telangana Government during the Industry Minister KT Rama Rao’s visit to the World Economic
Forum in Davos last year.The initial project in Hyderabad forms part of a substantial Rs. 500 crore commitment that the Lulu Group pledged to the state of Telangana. An investment of Rs. 300 crore has gone into converting the previously known Manjeera Mall into the expansive Lulu Mall. The mall, spread over 5 lakh sq. feet, is expected to bring an international shopping experience to the residents of Hyderabad and surrounding areas, creating employment for over 2,000 people.The Lulu Mall, set to open its doors in August 2023, will also feature over 75 local and international brands, a 5-screen cinema with a seating capacity of 1,400, a multi-cuisine food court, and a children’s entertainment centre.The Group’s future endeavours also entail the establishment of an agricultural sourcing and logistics hub near the Hyderabad Airport. This move is designed to facilitate exports and promote local Telangana produce both domestically and globally. There are also plans to set up a seafood procurement and processing centre to bolster the local fishing industry. Hyderabad marks Lulu Group’s sixth Indian city of operations, following Kochi, Thiruvananthapuram, Bengaluru, Lucknow, and Coimbatore. The retail conglomerate, with its 250 hypermarkets and 24 shopping malls across 22 nations, is known for its significant presence in the Middle East and North Africa region and has been rapidly expanding in India. The Lulu Group, employing over 65,000 people from 42 nations, boasts an annual turnover of USD 8 billion globally.