LuLu Group, the esteemed UAE-based conglomerate renowned for its diverse business ventures, is all set to make a grand entrance into Hyderabad with the inauguration of its state-of-the-art shopping mall on Wednesday. This substantial investment in the state marks the culmination of extensive discussions and a Memorandum of Understanding (MoU) signed with the State government, a significant milestone achieved during Industries Minister KT Rama Rao's visit to the World Economic Forum in Davos last year.
Spanning a colossal 5 lakh square feet in Kukatpally, in close proximity to JNTU, the LuLu Mall is poised to redefine the retail experience by offering an array of amenities. Patrons can eagerly anticipate a dedicated play zone for entertainment, a vibrant wet market brimming with fresh produce, and a delectable assortment of continental delicacies. With this opening, Hyderabad joins the ranks of cities including Kochi, Thiruvananthapuram, Bengaluru, Lucknow, and Coimbatore as the 6th city to be graced by the presence of LuLu Group.
Ashraf Ali MA, Executive Director of LuLu Group, highlighted during a press conference that the group, currently operating in 22 nations with 255 hypermarkets and 24 shopping malls, is poised to expand its retail footprint in Telangana in the near future. This strategic expansion endeavor is expected to create employment opportunities for over 2,000 individuals, further contributing to the economic vitality of the region.
LuLu Group's entry into Hyderabad signifies not only a significant retail development but also underscores the city's appeal as a destination for substantial investments by leading global conglomerates, promising an enriched shopping experience for residents and visitors alike.