The 250,000 sq ft hypermarket was inaugurated by the Malaysian Prime Minister Datuk Sri Najib Tun Razak in the presence of Dato Sri Dr Ahmed Zahid Hamidi, deputy prime minister, minister of agriculture, government officials, ambassador of UAE and high commissioner of India and other dignitaries.

The group had recently announced its plans to invest US$300mn as part of its expansion and intends to set up ten hypermarkets in the next five years in the country.

The new hypermarket, ideally located in the CapSquare, Jalan Munshi area of Kuala Lumpur, is expected to be one of its kind in the country and will attract a large segment of population from all walks of life with its attractive product offers and range. The new hypermarket is spread in three levels and combines everything from grocery and supermarkets products to fashion, household and latest electronics and gadgets. Hot food from around the world, fresh seafood and locally grown produce are some of the key highlights in the supermarket area.
Speaking at the inaugural ceremony, Razak said, "We are very pleased to welcome Lulu brand to Malaysia as this will pave the way for more international brands to come and invest in Malaysia. I am alsohopefulthat Lulu will surelyopen many more hypermarkets and malls not only in Kuala Lumpur but also in other parts of Malaysia."

''With an initial investment of US$300mn in the first phase, we plan to open ten hypermarkets by end-2021 and a central logistics and warehousing facility in Malaysia. These projects are likely to generate more than 5,000 job opportunities for Malaysians,'' said Yusuffali M A, chairman, Lulu Group while commenting about the first Lulu hypermarket in the country.

''We also plan to set up contract farming to ensure continuous supply of high quality products and to support the Malaysianagriculture sector,'' he added.

''Today the whole world knows about Malaysia''s economic stability, investor friendly approach, liberalised policies and world-class infrastructure and we are confident about our success here and our hypermarkets encompass both supermarket and department store formats and we intend to bring a whole new world of shopping to the residents of Malaysia.''

He added that other hypermarkets would be opening in Kota Baru (Kelantan), Shah Alam (Selangor), Johar Baru, Bangi, Ipoh (Perak), Malacca, Penang and Kuala Terengganu.

Apart from the ten hypermarkets which are already planned, Ali also announced the group''s plan to invest another US$500mn in setting up the largest shopping mall in Malaysia.

During his official visit to UAE in 2014, Malaysian Prime Minister had visited Lulu hypermarket in Abu Dhabi and expressed keen desire to have Lulu in Malaysia. 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 Lulu Group currently operates 126 stores across the GCC, Egypt, India, Indonesia and employees more than 38,000 people from different nationalities and is also the one of the largest retail chain in the Middle East.

It is also ranked by Deloitte as one of the top ten fastest growing retailers in the world.