Bahri participates in UAE Maritime Week

Abdullah Aldubaikhi, CEO of Bahri, receives the ‘Dubai Maritime Innovation Award.’
Updated 31 October 2018

Bahri participates in UAE Maritime Week

Saudi shipping company Bahri participated in the fourth edition of the UAE Maritime Week, the Middle East’s first comprehensive maritime event, held from Oct. 28 to Nov. 1 in Dubai.

Hosted by the Dubai Maritime City Authority (DMCA) under the the patronage of Sheikh Hamdan bin Mohammed bin Rashid Al-Maktoum, crown prince of Dubai and chairman of the executive council, UAE Maritime Week gathered a number of local, regional, and international maritime pioneers to explore current and future trends in the industry.

Abdullah Aldubaikhi, CEO of Bahri, was invited to the Dubai Maritime Summit, the region’s first, major maritime dedicated summit, held as part of UAE Maritime Week on Oct. 28. On behalf of Bahri, Aldubaikhi accepted the “Dubai Maritime Innovation Award,” which recognizes the company’s outstanding performance and contributions to the advancement of the industry.

Bahri also showcased its innovative and technology-driven maritime solutions at Seatrade Maritime Middle East, the region’s biggest maritime exhibition, which took place from Oct. 29-31 at Dubai World Trade Centre. 

“Events, such as UAE Maritime Week, will help accelerate the expansion of the maritime sector, which in turn will drive growth in the regional economies, particularly in the UAE and Saudi Arabia. The two leading events provided us with an excellent opportunity to connect with our customers and stakeholders, and showcase our industry-leading maritime offerings. We will leverage insights gathered from these events to inform our future maritime logistics and transportation solutions to deliver on our short- and long-term growth strategies,” said Aldubaikhi.

In addition, Bahri received two awards at the 15th edition of Seatrade Maritime Awards, Middle East, Indian Subcontinent, and Africa, during a ceremony held at Atlantis The Palm, Dubai, on Oct. 28. Aldubaikhi accepted the “Shipping Company of The Year” and the “Maritime Logistics Award” titles on behalf of the company. 

LuLu Group announces SAR1 billion expansion plans

Updated 14 October 2019

LuLu Group announces SAR1 billion expansion plans

  • Group also launched SAR1 million 10th anniversary promotion

RIYADH: LuLu Hypermarkets, one of the largest retailers in the region, is upbeat about the investment climate of KSA and is planning to expand in the coming years.

Talking to media during the group’s 10th anniversary celebrations held at Atayaf Mall in Riyadh, chairman M. A. Yusuff Ali unveiled LuLu Group’s plans.

Saad Al-Gamdi, Head of Saudization Programme (Tawteen) at the Ministry of Labour, along with Yusuf Ali, Chairman of LuLu Group, officially inaugurated the anniversary celebrations in the presence of senior officials and a large number of shoppers. 

Elaborating on LuLu Group’s journey so far, Yusuf Ali said: “With a modest beginning in the 2009, today we have 17 hypermarkets, 12 Aramco commissaries and National Guard supermarkets which is a testimony to our acceptance in the country, thanks to our fair pricing and highest quality product range.

“We see tremendous growth opportunity in the Kingdom. We have already announced that by year 2020, we will open 15 new hypermarkets in Saudi Arabia. Under this plan, 3 hypermarkets have already been opened and another 11 hypermarkets will be completed before end of 2020 at an investment of SAR1 billion ($266.6 million).

“This includes 4 in Dammam, 6 in Jeddah and 1 in Riyadh. This is apart from the SR1.7 billion that we have already invested in the Kingdom until now.”

During the occasion, LuLu also honored 10 long serving Saudi nationals with gold medals and certificates who were all part of LuLu’s growth story in the Kingdom.

Congratulating the Saudi staff, Yusuf Ali said: “We consider it our duty to nurture them as we have a very hardworking, dedicated and productive manpower among Saudi nationals.

“LuLu Group currently employs 2,700 Saudi nationals including 700 women in their various hypermarkets across the Kingdom. Out of the total Saudi work force employed in our group, half of them are from small town like Hail, Tabuk, Hassa and Jubail.

“Our goal is to give employment to more than 4,000 nationals by the end of 2020 out of which 1,700 will be women,

He added that his group gives priority in generating jobs for young Saudis, especially women. “I think it is the duty of all businessmen and investors to create more jobs for local youth.

“We also take this opportunity to extend our gratitude to King Salman, Crown Prince Mohammed Bin Salman and the government who have always given tremendous support to investments and economic development which ultimately generate more employment opportunities for Saudi citizens.”

To mark the occasion of 10th anniversary, LuLu announced the launch of LuLu-Win One Million Riyal promotion which will run for 10 weeks and 10 lucky winners will each get SAR100,000 cash prize.