LuLu expands in Far East with 2nd Malaysian store

Malaysian Minister Saifuddini Nasution Ismail, UAE Ambassador Khalid Ghanem Al-Gaith, Indian Ambassador Mridul Kumar, LuLu Group Chairman Yusuff Ali M.A., and other officials.
Updated 07 July 2019
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LuLu expands in Far East with 2nd Malaysian store

Lulu Group, one of the largest retail operators in the Middle East and North African region, has further consolidated its presence in the Far East by opening its second hypermarket in the Malaysian capital of Kuala Lumpur.  
Minister of Domestic Trade and Consumer Affairs of Malaysia Saifuddin Nasution Ismail inaugurated the store in the presence of diplomats from various countries, local businessmen and other dignitaries.
The new hypermarket, which is also Lulu’s 174th globally, is located at the 1 Shamelin Mall in the Cheras district. The sprawling 80,000-square-foot store has been designed using the latest retail space concepts and modern technology, and will serve the residents of Cheras and its nearby areas for their daily shopping needs.  
After the official inauguration, the minister and other guests toured the hypermarket along with LuLu chairman Ali, who briefed them about the various sections, unique features and amenities of the store.
Minister Ismail said: “We are really proud of the efforts and investments of Lulu Group in Malaysia. They are not only investing in the retail sector but are also supporting our farming sector by exporting large quantities of agricultural produce to their operations around the world. Apart from this, the LuLu Group is also providing huge employment opportunities to our local Malaysian youth.”

HIGHLIGHT

The sprawling 80,000-square-foot hypermarket in Kuala Lumpur has been designed using the latest retail space concepts and modern technology.

Chairman Ali said: “As declared during the inauguration of our first hypermarket in Malaysia, we are firm on our expansion plans in Malaysia and are committed to launching four new hypermarkets in different parts of Malaysia before the end of 2020. This includes projects in Setia City Mall, Bangi Gateway, Bachang (Malacca) and Johor Bahru.”
He added: “We are also exploring other markets in Malaysia and expect to create more than 5,000 job opportunities for the Malaysian workforce.”
Lulu Malaysia currently employs more than 300 locals in their two hypermarkets in the country.
Also present during the inauguration ceremony were senior officials of LuLu, including: Saife Rupawala, chief executive; Ashraf Ali M.A., executive director; Salim M.A., director; and others.
Apart from Malaysia, LuLu which has a retail presence in Indonesia, is also keenly pursuing expansion to Singapore.
LuLu is the fastest growing retail chain across 10 countries, which include the GCC, India, Egypt, Indonesia, and Malaysia. Founded in the early 1990s, it has successfully expanded to different parts of the world.


OOCL joins shipping lines at King Abdullah Port

Updated 17 September 2019

OOCL joins shipping lines at King Abdullah Port

OOCL, a Hong Kong-based shipping company, has joined the group of international companies transporting cargo and delivering maritime shipping services to and from King Abdullah Port. This comes with the company’s official launch of operations in the port located in King Abdullah Economic City and the subsequent arrival of containers to the berths.

The move aims at enhancing the trade movement of imports and exports in the Kingdom.

“The addition of OOCL to the list of leading international shipping companies operating in King Abdullah Port is a testament to the trust of key players in the maritime shipping industry, as the port enjoys a strategic location on one of the most important international maritime shipping lanes as well as integrated infrastructure and logistics services,” a press release said.

The port is located near the Industrial Valley, the Bonded and Re-export Zone, and major Saudi cities such as Jeddah, Makkah and Madinah, which together constitute the main commercial center in the Kingdom. King Abdullah Port also enjoys close proximity to Madinat Yanbu’ Al-Sina’iyah, which is witnessing a massive trade movement in the field of petrochemicals, and it is linked to a road network that facilitates the process of transporting goods by land to and from ships to Riyadh, Dammam, and other cities in the Arabian Gulf.

Officially inaugurated last February by Crown Prince Mohammed bin Salman, King Abdullah Port was ranked the second fastest-growing port in the world in 2018 by Alphaliner, a global specialist in data analysis of maritime transport, port capabilities, and the future development of vessels and global maritime routes. The port’s throughput increased from 1.7 million TEU in 2017 to 2.3 million TEU in 2018.

Run by the Ports Development Company, King Abdullah Port is the region’s first port to be fully owned, developed and operated by the private sector. It has been listed as the fastest-growing container port and one of the world’s 100 largest ports after less than four years of operation. Ten of the largest shipping lines work at the port to offer integrated services to importers and exporters. The port’s development plan is proceeding at a steady pace with a clear vision to become one of the world’s leading ports, utilizing its advanced facilities and proximity to the Bonded and Re-export Zone and the logistics park.

With state-of-the-art processing facilities, the world’s deepest 18-meter water berths, expanding roll-on/roll-off operations, and a fully integrated Port Community System, King Abdullah Port is capable of receiving today’s diverse mega cargo ships, fulfilling the growing needs of the young and fast-growing population of the Kingdom and the region.