UAE-headquartered LuLu Group to invest RM1.3bil in Malaysia

Yusuffali M.A. (right) accompanied Prime Minister Datuk Seri Najib Razak during a visit to a LuLu hypermarket in Abu Dhabi last year. - Bernama pic

KUALA LUMPUR: LuLu Group, the owner of the largest hypermarket chain in the Middle East, plans to invest RM1.3bil (US$300mil) in Malaysia’s retail market over the next two years, said chairman and managing director Yusuffali M.A.