Abu Dhabi: The region's largest hypermarkets operator has announced the opening of it's biggest store yet in Abu Dhabi. The proposed 220,000 sq. ft Lulu Hypermarket will come up at the soon to be launched Capital Mall in Mohamed BinZayed Cityin Abu Dhabi. An agreement to this effect was signed today by Mohamed M. Al Qubaisi, Chairman of Manazel Real Estate and Yusuffali MA, Managing Director of LULU Hypermarkets Group.
Talking to media on the sidelines of the signing ceremony Mohamed M. Al Qubaisi said "we are obviously delighted to have LULU with us as our anchor tenant and once completed this project will contribute to introducing new life into the area and will revitalise it in accordance with the Abu Dhabi 2030 vision of residential development within the new Capital District.
Capital Mall will consist of three stories spanning 60,158 square metres of retail space and house around 278 fashion, electronics, jewellery and service retail stores, in addition to entertainment outlets, which includes a diverse selection of restaurants and cafes.
Al Qubaisi said the mall would be an important addition to the area, due to its prime location in the new Capital District. The mall is expected to provide services to residents of Mohamed Bin Zayed City as well as neighbouring areas such as Khalifa City A and B, Al Falah, Al Raha Beach, Bani Yas, Al Shawamekh.
Speaking about this new venture Yusuffali said "this move is part of our plan to be closer to various residential and new developments taking place in Abu Dhabi and nearby suburbs. Capital mall with its unique location advantage and catchment area is the ideal place for opening our biggest yet Lulu Hypermarket in the region. With all round development taking place in Abu Dhabithe future looks very strong for us and we as a one of the prominent local player will continue to play role in bringing best international standard shopping options for UAE nationals, residents and tourist."
Lulu Hypermarket which was ranked by UK based Planet Retail as the no#1 hypermarket chain in the Middle East and 6th in the MEA region was also recently voted as the most affordable hypermarket in the UAE.
"The pricing, quality of products and service standards will be best in the industry and our intention is to take this closer to the people rather than make them drive long distance to reach us. We are proud of the fact that we started our business from Abu Dhabi and now we are building the biggest Hypermarket in Abu Dhabi itself" added Yusuffali.
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© Press Release 2012
