Abu Dhabi’s retail giant, LuLu Group, has expanded its footprint to Telangana, inaugurating its first mall and hypermarket spanning half a million square feet in Hyderabad.
Over the coming three years, the group is set to channel a whopping Rs35 billion into the state. Hyderabad is now the latest addition to the list of cities like Kochi, Thiruvananthapuram, Bengaluru, Lucknow, and Coimbatore where LuLu marks its presence.
The mall, christened as ‘LuLu Mall,’ was inaugurated by KT Rama Rao, the Minister for IT, Industries and Urban Development in Telangana. Meanwhile, Aaref Ali Al Taboor Al Nuaimi, the UAE’s Consul-General in Hyderabad, unveiled the LuLu Hypermarket. The ceremony saw the presence of Yusuffali MA, LuLu Group’s chairman and managing director, alongside other eminent guests.
Rao praised the enterprise’s expansion to Telangana, stating, “LuLu Group has the potential to leverage Telangana for numerous promising ventures. The state will extend its full support. I deeply appreciate Yusuffali MA for his vision and benevolence.”
Situated in the burgeoning Kukatpally region of Hyderabad, the shopping facility, constructed with a Rs3 billion investment, represents the culmination of in-depth dialogues and a Memorandum of Understanding (MoU) inked with the Telangana Government. This MoU was a product of Rao’s engagement at the World Economic Forum in Davos the previous year.
Yusuffali announced ambitious future plans for Telangana. He mentioned, “This is just our inaugural venture here. We are gearing up for our next project, a top-notch food and meat processing facility in Hyderabad. In the next three years, we aim to invest around Rs3,500 crores in initiatives like a seafood processing center to back the local fishery sector, a flagship shopping mall, mini-malls, and agricultural procurement hubs. Our objective is to boost exports and enhance Telangana’s brand recognition both domestically and internationally.”
Complimenting the state’s business-friendly environment, Yusuffali said, “Our interactions with the state officials were constructive. The promptness with which our proposal was greenlit is noteworthy. KTR (Rao’s familiar moniker) displayed unparalleled commitment during the last World Economic Forum, ensuring fruitful investor interactions. His dedication truly left an impact on me.”
