Lulu Group has opened a 109,000 sqft hypermarket in Saudi Arabia, located in Jeddah’s Al-Baghdadiyah district long the Al Andalus Road.
This expansion brings its footprint to 68 across Saudi Arabia, including the one in Aramco Neom, taking the number of employees to reach beyond 12,000.
The Kingdom now accounts for 20 per cent of the retailer’s revenues.
“We remain dedicated to being a catalyst in Saudi Arabia’s dynamic retail transformation,” said Yusuffali MA, chairman of Lulu Group.
With the current surge in Saudi revenues making the market the second-biggest contributor to the company’s top line, Lulu says store launched would mean consolidating its presence in the country.
“This expansion reflects our commitment to the Kingdom’s Vision 2030 by creating jobs, enhancing retail infrastructure, and offering world-class shopping experiences to the community,” he added.