Sunday, November 7th, 2010
In what is becoming a trend, another global hypermarket chain opened in Egypt last week. Lulu Hypermarkets, a subsidiary of UAE-based EMKE Group, launched operations in Egypt when it opened its first store in Nasr City.
Yusuf Ali, the managing director of EMKE Group, told the press that his company plans to invest EGP 2.8 billion in expanding its retinue of hypermarkets and malls throughout Egypt, which he believes has great potential for growth.