(MENAFN- Muscat Daily) Muscat- The Middle Eastern retail major, Lulu Group opened its second hypermarket at BSD City, Tangerang, Indonesia.
Located at the QBig, the new Lulu hypermarket was inaugurated by Himawan Hariyoga, chairman of Investment Board of Indonesia, Dr Sutisno Rawita, deputy governor of Banten Province, Walid Darwish al Raeesi of UAE Embassy in Jakarta, Yusuffali MA, chairman of Lulu Group and other top government officials.
Lulu , which opened its first hypermarket and department store in the capital city of Jakarta last year, is firm on its planned investment of US$500mn as part of its expansion and intends to set up ten hypermarket and department stores in the next three years in the country.
Speaking to media Yusuffali MA said, 'The tremendous response for our first Lulu Hypermarket opened last year in Cakung has encouraged us to further expand our operations in Indonesia and we plan to open another eight new hypermarkets in coming years.'
The first Lulu Hypermarket and Department store in the country, inaugurated by President Joko 'Jokowi' Widodo, has fast become a highly popular shopping destination for residents in and around East Jakarta thanks to its high-quality products, vast product range and competitive pricing.
'With an initial investment of US$300mn in the first phase, we plan to open ten hypermarket and department stores by the end of 2018 and a central logistics and warehousing facility in Jakarta. These projects are likely to generate more than 5,000 job opportunities for Indonesians,' said Yusuf Ali.
'We also plan to set up contract farming to ensure continuous supply of high-quality products and to support the Indonesian agriculture sector,' he added.
With an area of over 200,000 sq ft, the new store has got wide aisles for easy shopping with a range of world-class products and brands which includes fresh food, hot food, bakery, roastery, grocery, household items, electronic appliances among others. A special section is devoted for promoting local products and agricultural sector.
New hypermarkets will come up in Sentul and Jababeka and will generate new employment opportunities for atleast 3,000 Indonesians.
Apart from setting up hypermarkets, Lulu Group has also invested substantially in contract farming to increase their procurement from Indonesia for their global operations across the Middle East, Africa and India.
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