Lulu Group Expands Retail Portfolio in Saudi Arabia with New Projects in Makkah and Madinah
In an exciting move to enhance its presence in Saudi Arabia, the UAE-based Lulu Group has officially sealed two new projects in the revered cities of Makkah and Madinah. The announcement was made by Yusuff Ali MA, the Chairman of Lulu Group, during a signing ceremony held in Makkah.
The agreement was signed by key figures including Badr Nadershah, COO of Jabal Omar Development Company, Eng. Waleed Ahmed Al Ahmadi, CEO of Al Manakha Urban Project Development Company (Dallah Group), and Shehim Mohammed, Director of Lulu Group KSA. The signing took place in the holy city of Makkah in the presence of Yusuff Ali MA.
The first Lulu project, situated at Jabal Omar 3 in Makkah, is a mixed-use development that will feature a Lulu store in Souq Al Khalil. This project, to be developed by Jabal Omar Development Company, will be conveniently located within walking distance of Masjid al Haram, Makkah Mukarramah. It is part of the Jebal Omar project, spanning 253,000 sq. m with a total build-up area of 2.5 million sq. m.
Projected to be completed in seven phases, the entire development will include hotels and branded apartments to cater to the millions of pilgrims who visit Makkah annually, solidifying its status as one of the busiest pilgrimage centers globally.
The second Lulu project in Al Madinah Al Munawarah, being developed by Al Manakha Urban Project Development Company, will cover an area of 2161 square meters. Officials from both development companies expressed confidence in Lulu’s contribution to the success of these prestigious shopping mall projects.
Yusuffali expressed his delight in finalizing these projects in the holy cities and extended his gratitude to the Saudi Arabian government for their unwavering support. He emphasized Lulu Group’s commitment to enhancing amenities in Makkah and Madinah while creating employment opportunities for Saudi citizens.
With Lulu Group set to manage the Makkah Commercial Center project, which includes a Hypermarket among other ventures, the group is poised for further growth in the region. The completion of these projects is expected to create around 1,000 new job opportunities, supplementing the 3,300 Saudi nationals already employed by LuLu Group.
Yusuffali’s forward-thinking approach and dedication to Saudi development are bolstering investor confidence and driving economic progress in the region. The Group’s expansion in Saudi Arabia is a testament to its commitment to delivering world-class shopping experiences and contributing to the country’s growth.
