Lulu Market to open two branches in Egypt next year

Lulu Market plans to open two new branches in Egypt in 1H2020, including one in Wadi Degla and another in the Fifth Settlement, Regional Director Huzaifa Qureshi told the local press. The new branches, which will cost USD 400 mn, are part of the USD 500 mn investment agreement Egypt signed with the hypermarket in August to open four new retail outlets. Lulu is on track to open two branches in Sheikh Zayed and Obour before the year is out.