Lulu signs agreement with Saudi National Guard
KUWAIT: Lulu, the leading hypermarket retail chain in the region, has signed an agreement with the Saudi Arabian National Guard Forces (SANG) to open two shopping centers and seven supermarkets in Dammam and Al-Ahsa in the Kingdom of Saudi Arabia. The new outlets will be operational inside the SANG campuses to serve National Guard officials and their families.
The agreement was signed by Prince Mishal bin Bader bin Saud bin Abdul Aziz, Undersecretary of the National Guard and Yusuffali MA, Chairman and Managing Director of Lulu Group International at King Fahad National Guard office in Dammam on 21 November.
During the signing ceremony, Yusuffali said, “We are honored to have been selected and thank the Saudi National Guard Force authorities for this prestigious initiative. We will make sure that these supermarkets will be the best in the world and serve the National Guard officials and their families in best possible manner.”
“These stores will be opened in the next six months and is expected to generate sizeable employment for local Saudi youth. Lulu group currently employs more than 2,700 Saudi nationals including females in their various hypermarkets across the Kingdom. Our goal is to give employment to more than 5,000 nationals by the end of 2020,” added Yusuffali.
“We also take this opportunity to extend our gratitude to the Custodian of the Two Holy Mosques King Salman bin Abdul Aziz Al-Saud, Crown Prince Mohammed Bin Salman and the government who have always given tremendous support to investments and economic developments, which ultimately generate more employment opportunities to the Saudi citizens,” said Yusuffali.
With 15 upcoming projects, Lulu at present operates 14 hypermarkets and 10 ARAMCO commissaries in different parts of Saudi Arabia.