UAE based retailer LULU Group has opened its second hypermarket in Cairo, Egypt thereby further setting its foot in the retail sector of the North African country. “Lulu group will stick to its expansion plans despite the challenges faced due to Covid pandemic. The excellent opportunities and facilities being offered by the government to investors will contribute to the growth and development of Egypt,” added Mr Ali MA. Last year, Lulu had signed a series of agreements with Egypt’s Ministry of Supply and Internal Trade to this effect. Recently it also opened UAE’s latest hypermarket in the Al Dhafra region of Abu Dhabi.

Source: The North Africa Journal July 28, 2020 12:22 UTC