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28-02-14

India's Lulu to expand business network in Middle East

(MENAFN) India Lulu Group plans to open 15 Lulu Hypermarkets in Saudi Arabia during the next two years, according to Arab News. The announcement was revealed in a meeting held between Crown Prince Salman, deputy premier and minister of defense, and Indian businessmen including business tycoon M. A. Yusuffali in New Delhi. Four other major agreements involving Saudi and Indian companies were signed during the visit, other than Lulu"s plans to open 42 new hypermarkets in the Middle East including 15 in Saudi Arabia.