Lulu Group Marks Market Entry

The Lulu Group has officially entered Egypt’s retail market, with the opening of its first store in Cairo.

The UAE-based group opened a 170,000 sq. ft. hypermarket in Twin Plaza, and said it plans to invest $300m over the next two years to open 10 stores in the country.

Lulu added: “We will encourage the Egyptian agricultural sector by procuring and promoting local agricultural produce and also export them to our stores across the GCC and Far East. Currently we are exporting 50 million pounds and this will go up to 150 million pounds next year.”