‘FII a brilliant initiative from investment perspective’

‘FII a brilliant initiative from investment perspective’
Yusuff Ali M.A., managing director of LuLu Group International, with PIF Managing Director Yasir Othman Al-Rumayyan, left, at the FII summit in Riyadh. (AN photo)
Updated 04 November 2017

‘FII a brilliant initiative from investment perspective’

‘FII a brilliant initiative from investment perspective’

The Future Investment Initiative (FII) organized by the Public Investment Fund (PIF) in Riyadh served as an effective platform for investors and business experts to share their ideas, said Yusuff Ali M.A., managing director of Abu Dhabi-headquartered LuLu Group International that owns the Lulu Hypermarket chain in the Middle East.
Speaking on the sidelines of the FII, Yusuff praised the Saudi government’s “great initiative” of bringing together around 3,500 participants and 175 experts from over 65 countries to brainstorm on a range of investment issues.
The event showed the government’s will to achieve the goals set in the Saudi Vision 2030 program under the dynamic leadership of Crown Prince Mohammad bin Salman, the LuLu chief said.
“We sincerely hope that all the discussion during the brainstorming sessions of the three-day summit will bring more energy to make the dream come true,” he added.
Yusuff said that Lulu is glad to be associated in its own way to contribute to the Vision 2030 that aims to empower Saudi youth.
“I am glad to upgrade our hypermarket and its job structure in line with the Vision 2030 and going to create 3,000 jobs in two years as promised,” he said. The LuLu chief also said that his group would create 10,000 jobs for Saudis including women.
“So far, we have 2,400 Saudi employees with us,” he said.