(MENAFN) Retail chain giant LuLu Group said that it will launch its first hypermarket in Indonesia by 2015-end, with an investment of USD300 million into the first phase.
The Abu Dhabi-based chain will invest an additional USD200 million over the next five years to finalize its expansion plan in the South Asian country.
In a posted statement, LuLu said that it plans to open 15 hypermarkets in the country by the end of 2017 along with a central logistics and warehousing facility in Jakarta.
"The fact that we are going to Indonesia with our Halal hypermarket concept is giving us the encouragement to look for a wider market segment there," managing director said.
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