The Abu Dhabi-based group will build nearly a dozen retail properties with over five million square foot space and at least two food processing centres in Noida and Jammu & Kashmir.
The Abu Dhabi-based Lulu Group has revealed its ambitious expansion plans in India. The group is planning investments of over INR190,000M ($237M/AED871M). This will include malls, hypermarkets and food processing centres.
The group, which has a turnover of over $8bn, has five operational malls in India, including their first one in northern India, in the city of Lucknow in Uttar Pradesh. The other four malls are in south India – at Kochi, Thiruvananthapuram, Thrissur and Bengaluru.
LuLu Group operates in 23 countries across the Middle East, Asia, the US, and Europe and employs over 60,000 people. Its international business portfolio ranges from hypermarket operations to shopping mall development, manufacturing and trading of goods, hospitality assets, and real estate. It has a retail presence in the UAE, India, Saudi Arabia, Bahrain, Kuwait, Oman, Egypt, Malaysia, and Indonesia.
