The UAE-based retail major, LuLu Group marked its first retail push in the Far East by opening its first hypermarket in the capital city of Jakarta, Indonesia. The group has already announced its plans to invest $500 as part of its expansion and intends setup 10 hypermarkets in the next three years in the country.
The hypermarket was inaugurated by Joko Widodo, president of Indonesia, in the presence of Basuki Tjahaja Purnama, governor of Jakarta, Thomas Trikasih Lembong, Indonesian trade minister, Ahmed Abdullah Al-Mussali Al-Awadi, the UAE’s ambassador to Indonesia, Husin Bagis, Indonesian ambassador to the UAE and other ministers, government officials, businessmen and residents.
The hypermarket is expected to be one of its kind in the region and will attract large segment of population in Jakarta. Located in the Cakung sub district of East Jakarta with an area of over 200,000 square feet, the new hypermarket is designed with customer convenience and provides a one-stop shopping destination for the residents of the city.
“With an initial investment of $300 million in the first phase, we plan to open 10 hypermarkets by end-2017 and a central logistics and warehousing facility in Jakarta. These projects are likely to generate more than 5,000 job opportunities for Indonesians,” said Yusuffali M.A., chairman, LuLu Group while commenting about the first LuLu hypermarket in the country. “We also plan to setup contract farming to ensure continuous supply of high quality products and to support the Indonesian agriculture sector,” he added.
During the official visit to UAE last year, President Jokowi had visited LuLu hypermarket in Abu Dhabi and expressed keen desire to have LuLu in Indonesia. He was especially impressed by the high standards of operations, quality of products and service and also the wide variety of products available in LuLu.
The hypermarket was inaugurated by Joko Widodo, president of Indonesia, in the presence of Basuki Tjahaja Purnama, governor of Jakarta, Thomas Trikasih Lembong, Indonesian trade minister, Ahmed Abdullah Al-Mussali Al-Awadi, the UAE’s ambassador to Indonesia, Husin Bagis, Indonesian ambassador to the UAE and other ministers, government officials, businessmen and residents.
The hypermarket is expected to be one of its kind in the region and will attract large segment of population in Jakarta. Located in the Cakung sub district of East Jakarta with an area of over 200,000 square feet, the new hypermarket is designed with customer convenience and provides a one-stop shopping destination for the residents of the city.
“With an initial investment of $300 million in the first phase, we plan to open 10 hypermarkets by end-2017 and a central logistics and warehousing facility in Jakarta. These projects are likely to generate more than 5,000 job opportunities for Indonesians,” said Yusuffali M.A., chairman, LuLu Group while commenting about the first LuLu hypermarket in the country. “We also plan to setup contract farming to ensure continuous supply of high quality products and to support the Indonesian agriculture sector,” he added.
During the official visit to UAE last year, President Jokowi had visited LuLu hypermarket in Abu Dhabi and expressed keen desire to have LuLu in Indonesia. He was especially impressed by the high standards of operations, quality of products and service and also the wide variety of products available in LuLu.
