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Yusuffali M A, managing director of Lulu Group, and Mohammed Al Qubaisi, chairman of Manazel Real Estate, exchanging MOU documents after the signing ceremony. Also seen are Adel Lotah, board member of Manazel and Cliff Morris, retail operation manager of Lulu Group.
The Gulf’s largest hypermarket operator has announced plans to open its biggest store yet in Abu Dhabi.
The proposed 220,000 sq. ft. Lulu Hypermarket will be located in the Capital Mall in Mohamed bin Zayed City in Abu Dhabi. The mall is to be launched soon.
An agreement to this effect was signed on Wednesday by Mohamed M. Al Qubaisi, Chairman of Manazel Real Estate and Yusuffali M A, 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 including 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 serve 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 locational advantage, is the ideal place for opening our biggest-yet Lulu hypermarket in the region. With all-round development taking place in Abu Dhabi, the future looks very good for us and we will continue to play a role in bringing the best shopping options for UAE nationals, residents and tourists."
"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 distances 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," Yusuffali said.
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