LuLu launches ‘Super Fest 2019’ anniversary offers

LuLu opened a new store at the National Guard campus in the Eastern Province. The store was inaugurated by Aldugaim Fahad Saeed, head of Housing National Guard, in the presence of Yusuff Ali M.A., chairman and managing director of LuLu Group, government officials and LuLu dignitaries. (Supplied)
Updated 26 November 2019

LuLu launches ‘Super Fest 2019’ anniversary offers

RIYADH: LuLu Hypermarket has kicked off its 10th anniversary promotion “LuLu Super Fest 2019” across its stores in the Kingdom. Along with the “One Million Riyal Grand Raffle” giveaway, there are many chances for customers to win prizes worth half a million riyals, which include gold coins, iPhone 11Pro, PS4 and shopping vouchers.

Another main highlight of the promotion is the daily #LiveDeals in store, which feature an on-the-spot “Guess & Win” contest for shoppers to guess the correct price of a specific product and win prizes for every correct answer given.

LuLu KSA Director Shehim Mohammed said: “We have always been committed to offering the highest quality products from around the world, along with a great shopping experience through monthly festivals and special events. ‘LuLu Super Fest’ is one such event that will not only showcase the amazing product offers and exciting in-store activities but is also the perfect time to give something extra special to our loyal customer base coinciding with our 10th year celebration of serving the people of Saudi Arabia as a conducive shopping destination.”

The promo offers are valid from Nov. 24 to Dec. 7.

SAGIA, Xylem ink $50m MoU to advance water security

Updated 05 December 2019

SAGIA, Xylem ink $50m MoU to advance water security

Water technology firm Xylem has signed an MoU with the Saudi Arabian General Investment Authority (SAGIA), representing an investment of $50 million. The agreement aims to expand Xylem’s manufacturing footprint into the Kingdom, and to better serve its portfolio of customers in Saudi Arabia and across the region.

Under the MoU, Xylem will work with SAGIA to develop and localize advanced water and wastewater products and technologies to address water challenges in Saudi Arabia, as well as increase its footprint of service points and rental fleets across the Kingdom. A core objective of the MoU is to accelerate adoption of digital water solutions and optimize utility networks across the Kingdom.

The proposed multimillion-dollar investment will not only help build a vibrant local supply chain, but also see Xylem bringing additional commercial opportunities into the Kingdom, with the wider aim of improving water solutions locally. The agreement is in line with the goals of Saudi Vision 2030 to promote economic diversification through investments in localization that will also contribute to the export of “Made in Saudi” products across the world.

The MoU was signed on the sidelines of the Future Investment Initiative (FII), commonly known as the “Davos in the Desert,” by Ibrahim A. Al-Omar, governor of SAGIA, and Steven Leung, senior vice president and president, emerging markets of Xylem, in the presence of senior officials of both entities and Frank Ackland, managing director Xylem Middle East.

Al-Omar said: “As Saudi Arabia welcomes investors and decision-makers from across the globe to this annual global investment platform, the agreements exchanged here reflect the strength and diversity of the economy. Under Saudi Vision 2030, Saudi Arabia is undergoing an ambitious program of economic reform, and the world is taking notice. This month, Saudi Arabia climbed 30 places in the World Bank’s Doing Business 2020 report, becoming the most improved economy globally. The indicators are
clear: Saudi Arabia is not only open for business, it’s the economy of the future.”

Leung added: “As Xylem continues to lead the water sector’s digital transformation globally, this MoU presents an opportunity to leverage our market-leading portfolio and application expertise to advance water security in Saudi Arabia. Through our investment of $50 million, and with our strong presence in Saudi Arabia, backed by our dedicated office and team, we are committed to creating in-Kingdom value through our investments and partnerships. We are thankful to SAGIA for the opportunity to directly contribute our expertise to the development vision of the leadership, as the Kingdom embarks on its ambitious transformation program.”