Saudi Electricity Company Secures SAR 13.4 Billion Financing Facilities to Finance Long-term Growth, Saudi Arabia-Egypt Electricity Interconnection Project    Large fire Erupts on Greek Island of Thasos, Village evacuated    Disney overtakes Netflix in battle for subscribers    Crimea airbase badly damaged after explosions, satellite images show    South Korea's Heavy Rain Casualties Rise to 11 Deaths, 8 Missing    Pact inked for $49 million additional Saudi development loan for Albanian road project    MoE seeking public opinion on opening Saudi branches of foreign universities Academic excellence is on top among the criteria    Crown Prince to patronize second Saudi International Maritime Forum in November    Saudi Arabia Is Set to Host Arab Radio & TV Festival in November    Real Madrid Wins European Super Cup for 5th Time in History by Beating Frankfurt    Custodian of the Two Holy Mosques receives written message from Bangladesh president    KSrelief Distributes Over 42 Tons of Food Baskets in Taiz Governorate, Yemen    KSrelief holds joint meeting with UNHCR and WHO in Poland    Qatar Stock Exchange Ends Trading Higher    Saudi National Beach Soccer Team Arrives in Morocco to Participate in Casablanca Beach Soccer Cup 2022    Saudi Stock Exchange Main Index Ends Trading Higher at 12431 Points    Ministry of Finance, National Debt Management Center Sign MoU with SNB Capital on Development, Launch of Individual Savings Sukuk    Whale winched out of French river in rescue mission    How Aamir Khan adapted Forrest Gump to Bollywood Laal Singh Chaddha    Agricultural Development Fund Signs Contract to Finance Importing 130,000 Tons of Barley with Value of SAR 150 Million    Custodian of the Two Holy Mosques Congratulates Head of Transitional Military Council and President of Chad on Independence Day    Fast food giant Domino's pulls out of the birthplace of pizza    WHO calls for optimizing brain health to benefit people and society    GASTAT: Industrial Production Index increases by 20.8% in June 2022    More breathing devices needed for premature babies born in Ukraine    Ukraine war must end with liberation of Crimea: Zelensky    'Rise of the Witches': Biggest series to be ever made in Saudi Arabia    SAR trains carry over 2.3m passengers, 6.75m tons of goods in H1 of 2022    Victory becomes the sweetest for Al-Marzouki with a warm touch of motherly affection    Korean girl group Blackpink to play in Riyadh during 2023 world tour    Buraidah date festival sales exceed SR62m in one week    Manchester United must let Ronaldo leave, says Rooney    Saudi Arabia wins gold in Special Olympics Unified Cup in Detroit    Saudi team for Special Olympics Unified Football wins gold medal of World Cup    Evergrande gets $818m as football stadium land deal canceled    Egyptian U20 Football National Team Beats Algerian Counterpart to Qualify for 2022 U-20 Arab Cup Final Match    Saudi Arabia to Participate in the 5th Islamic Solidarity Games in Turkiye    Association of Culture and Arts in Dammam Announces Winners of "International Video Art Forum"    Slaughterhouses of MEWA received more than 600,000 sacrifices in 3 days of Eid    Custodian of the Two Holy Mosques Delivers Speech to Pilgrims, Citizens, Residents and Muslims around the World    MoH Activates Sign Language to Communicate with Pilgrims with Deafness or Muteness During Hajj    Sheikh Al-Issa at Arafat sermon: Values of Islam foster harmony; eschew hatred and division    Sheikh Al-Issa in Arafah's Sermon: Allaah Blessed You by Making It Easy for You to Carry out This Obligation. Thus, Ensure Following the Guidance of Your Prophet    Council of Scholars urges pilgrims to stay away from divisive acts    Red Sea Fund Opens Its Third Cycle for Production Funding    SFDA Warns Against Herbal Product "Montalin Jamu" Due to Containing Active Medicinal Ingredients    Custodian of the Two Holy Mosques addresses citizens and all Muslims on the occasion of the Holy month of Ramadan    Pilgrims Perform Dhuhr and Asr Prayers at Arafat Holy Site    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



LuLu Group to invest SR51 million in Taif project
Published in The Saudi Gazette on 27 - 04 - 2022

As part of its planned expansion in the Kingdom of Saudi Arabia, LuLu Group Chairman & MD Yusuff Ali M.A. signed an agreement with the CEO of Manazel Al Khobaraa Real Estate LLC Thamer Alqurashi to establish a LuLu Hypermarket Anchor Store in the stylish Taif City Walk Mall. The signing took place in the Holy City of Makkah.
The 21,000 square meters store will be spread over 2 levels and bring the convenience and brand promise of the LuLu retail chain to the residents of Taif. To be opened in January 2023, the store, which represents an investment of SR51 million by the group, will create more jobs in Taif City for Saudi nationals.
Located in Makkah Province, Taif is a rare, cool and high-altitude destination and famous for Roses and as Saudi's unofficial summer capital. One of the important places for Haj and Umrah pilgrims to enter in the state of Ihram (meeqat) is situated in Taif. This underlines the significance of Taif in the religious tourism map too.
LuLu Group Chairman and MD Yusuff Ali M.A. welcomed the new business opportunity, saying it represented the new economic energy in the Kingdom.
"The LuLu Group has aligned its growth and vision with that of the leadership of the Kingdom of Saudi Arabia," Yusuff Ali said. "We are seeking to tap the potential of the Tier 2 and Tier 3 Saudi cities which are developing rapidly and Taif is an important Tier 2 urban center and a popular tourism hub in Saudi Arabia.
"I am sure that City Walk Taif will bring a wholesome and world-class shopping experience to the city. We also take this opportunity to extend our gratitude to the Custodian of the Two Holy Mosques King Salman, Crown Prince Mohammed Bin Salman and the government which has extended great encouragement to investments and economic development."
There are 26 LuLu Hypermarkets and Express Stores in Saudi Arabia and the group currently employs 3,000 Saudi nationals, including 1,100 women in their various hypermarkets across the Kingdom. — SG


Clic here to read the story from its source.