The two will jointly explore high-potential locations for retail development, implement smart retail solutions and advanced logistics infrastructure.
Modon Holding and LuLu Retail have announced a partnership deal to develop and operate hypermarkets and other retail facilities in the UAE and Egypt.
The partnership envisages Modon Holding leveraging its expertise in large-scale project development to ensure the provision of community retail in the form of hypermarkets, supermarkets and other retail outlets to be operated by LuLu across Modon’s UAE and Egypt portfolio.
Additionally, the two parties will jointly explore high-potential locations for retail development, implement smart retail solutions and advanced logistics infrastructure and enhance customer experiences with innovative retail technologies.
Yusuff Ali, Chairman and Managing Director of LuLu Group, said the Group’s collaboration with Modon Holding will enable it to continue to expand its footprint. “This MoU will allow us to offer unparalleled shopping experiences that blend quality and innovation while catering to the diverse requirements of the communities in the UAE and Egypt,” he said.
