Abu Dhabi: The Lulu Group will mark its first retail push in Indonesia by opening its first Hypermarket in Jakarta by this year end. The announcement came during the visit of President of Indonesia Joko Widodo to Abu Dhabi. He visited Lulu Hypermarket along with a high-level delegation at Khalidiyah Mall in Abu Dhabi.
The Indonesian President is on a 5-day state visits to three Middle East countries, Saudi Arabia, United Arab Emirates and Qatar, to boost Indonesia’s ties with the three countries, particularly on investment, trade and Indonesian migrant worker protection. The Coordinating Minister of Economy, Darmin Nasution, Trade Minister, Thomas Lembong, Minister of National Development Plans, Sofyan Djalil, State Secretariat Minister, Pratikno, and the Head of the Investment Coordinating Board, Franky Sibarani, Pramono Anung, Cabinet Secretary are also part of President Jokowis entourage.
“With an initial investment of $300m in the first phase, we plan to open 15 hypermarkets by the end of 2017 and a central logistics and warehousing facility in Jakarta. These projects are likely to generate more than 5,000 job opportunities for Indonesians and to train them all levels” said Yusuffali MA, Managing Director of Lulu Group. 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” added Yusuffali.
Apart from the capital city of Jakarta, Lulu intends to open hypermarkets in Bandung, Solo, Semarang, Surabaya and Yogyakarta.
“We also plan to set up contract farming to ensure continuous supply of high quality products and to support the Indonesian agriculture sector” opined Yusuffali.
The Indonesian President was received at the hypermarket by Yusuff Ali, Saifee Rupawala, CEO; Salim MA, Director; Rajmohan Nair, Director – Lulu Far East Operations and large number of Indonesian expatriates.
The Peninsula
