LULU Group to open hypermarket in Jakarta by year-end

KOCHI: The Lulu Group is planning a retail push in Indonesia by opening its first Hypermarket in the capital city of Jakarta by this year end.

"With an initial investment of US$300 million in the first phase, we plan to open 15 hypermarkets by the end of 2017 and a central logistics and warehousing facility in Jakarta. These projects are likely to generate more than 5000 job opportunities" said Yusuffali MA, Managing Director of LULU Group.

Apart from the capital city of Jakarta, LULU intends to open hypermarkets in Bandung, Solo, Semarang, Surabaya and Yogyakarta. "We also plan to set up contract farming to ensure continuous supply of high quality products and to support the Indonesian agriculture sector" said Yusuffali.

The Lulu chain currently operates 117 stores across the UAE, Oman, Bahrain, Kuwait, Qatar, Saudi Arabia, Yemen, Egypt, and India.