Lulu Group will spend over US$300m in opening 15 stores across Indonesia over the next two years, according to Inside Retail Asia. The Middle Eastern retail group plans to open its first Indonesian store in Jakarta later this year.
“These projects are likely to generate more than 5000 job opportunities for Indonesians and to train them at all levels,” said M A Yusuffali, Lulu Group’s MD. “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.”
According to Inside Retail Asia, the group plans to service stores in Bandung, Solo, Semarang, Surabaya and Yogyakarta from a central distribution centre to be built in Jakarta.
Lulu Group currently has 117 stores located across the Middle East, Egypt and India.
