{"id":573317,"date":"2020-07-28T04:17:41","date_gmt":"2020-07-28T04:17:41","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2020\/07\/28\/lulu-opens-egp-180-mn-hypermarket-in-sheraton\/"},"modified":"2020-07-28T04:17:41","modified_gmt":"2020-07-28T04:17:41","slug":"lulu-opens-egp-180-mn-hypermarket-in-sheraton","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2020\/07\/28\/lulu-opens-egp-180-mn-hypermarket-in-sheraton\/","title":{"rendered":"LuLu opens EGP 180 mn hypermarket in Sheraton"},"content":{"rendered":"<p>India\u2019s LuLu Group has opened its second EGP 180 mn hypermarket branch in the District Mall in Cairo\u2019s Sheraton neighborhood, Chairman Youssef Abdel Qadir said at a presser, according to <a href=\"https:\/\/bit.ly\/2D7B7Qn\">Al Mal<\/a>. The group signed a <a href=\"https:\/\/enterprise.press\/stories\/2019\/12\/24\/lulu-market-to-open-two-branches-in-egypt-next-year-9016\/\">USD 500 mn investment pact<\/a> with the government last year to open four new retail outlets. Abdel Qadir said yesterday that the group plans to invest USD 500 mn over the next three years to open 11 hypermarkets, four mini markets and an advanced logistics center. It was originally scheduled to <a href=\"https:\/\/enterprise.press\/stories\/2019\/12\/24\/lulu-market-to-open-two-branches-in-egypt-next-year-9016\/\">open two malls in the first half of 2020<\/a> at a cost of USD 400 mn.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>India\u2019s LuLu Group has opened its second EGP 180 mn hypermarket branch in the District Mall in Cairo\u2019s Sheraton neighborhood, Chairman Youssef Abdel Qadir said at a presser, according to Al Mal. The group signed a USD 500 mn investment pact with the government last year to open four new retail outlets. Abdel Qadir said [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[9315],"tags":[72,125,1567,2390,338],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-573317","post","type-post","status-publish","format-standard","hentry","category-other-business-news-of-note","tag-enterpriseam","tag-investment-watch","tag-lulu-group","tag-other-business-news-of-note","tag-retail","wpautop","entry"],"acf":{"mongo_id":"95fba754-dfcd-46bf-899b-e1032666e34f","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[573285],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>LuLu opens EGP 180 mn hypermarket in Sheraton - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2020\/07\/28\/lulu-opens-egp-180-mn-hypermarket-in-sheraton\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"LuLu opens EGP 180 mn hypermarket in Sheraton\" \/>\n<meta property=\"og:description\" content=\"India\u2019s LuLu Group has opened its second EGP 180 mn hypermarket branch in the District Mall in Cairo\u2019s Sheraton neighborhood, Chairman Youssef Abdel Qadir said at a presser, according to Al Mal. The group signed a USD 500 mn investment pact with the government last year to open four new retail outlets. Abdel Qadir said [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2020\/07\/28\/lulu-opens-egp-180-mn-hypermarket-in-sheraton\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2020-07-28T04:17:41+00:00\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/07\/28\/lulu-opens-egp-180-mn-hypermarket-in-sheraton\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/07\/28\/lulu-opens-egp-180-mn-hypermarket-in-sheraton\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"LuLu opens EGP 180 mn hypermarket in Sheraton\",\"datePublished\":\"2020-07-28T04:17:41+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/07\/28\/lulu-opens-egp-180-mn-hypermarket-in-sheraton\/\"},\"wordCount\":106,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"EnterpriseAM\",\"investment watch\",\"Lulu Group\",\"Other Business News of Note\",\"retail\"],\"articleSection\":[\"Other Business News of Note\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/07\/28\/lulu-opens-egp-180-mn-hypermarket-in-sheraton\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2020\/07\/28\/lulu-opens-egp-180-mn-hypermarket-in-sheraton\/\",\"name\":\"LuLu opens EGP 180 mn hypermarket in Sheraton - EnterpriseAM Egypt\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\"},\"datePublished\":\"2020-07-28T04:17:41+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/07\/28\/lulu-opens-egp-180-mn-hypermarket-in-sheraton\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/egypt\/2020\/07\/28\/lulu-opens-egp-180-mn-hypermarket-in-sheraton\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/07\/28\/lulu-opens-egp-180-mn-hypermarket-in-sheraton\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/egypt\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"LuLu opens EGP 180 mn hypermarket in Sheraton\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"name\":\"EnterpriseAM\",\"description\":\"The State of the Nation\",\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/enterpriseam.com\/egypt\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\",\"name\":\"EnterpriseAM\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ent.news\/internal\/240894.svg\",\"contentUrl\":\"https:\/\/ent.news\/internal\/240894.svg\",\"caption\":\"EnterpriseAM\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\",\"name\":\"enterpriseam admin\",\"sameAs\":[\"http:\/\/enterpriseam.testing.projectsarea.com\"],\"url\":\"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"LuLu opens EGP 180 mn hypermarket in Sheraton - EnterpriseAM Egypt","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/enterpriseam.com\/egypt\/2020\/07\/28\/lulu-opens-egp-180-mn-hypermarket-in-sheraton\/","og_locale":"en_US","og_type":"article","og_title":"LuLu opens EGP 180 mn hypermarket in Sheraton","og_description":"India\u2019s LuLu Group has opened its second EGP 180 mn hypermarket branch in the District Mall in Cairo\u2019s Sheraton neighborhood, Chairman Youssef Abdel Qadir said at a presser, according to Al Mal. 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Negotiations are in their final stages and an agreement is expected to be signed by the end of the\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":596392,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/08\/27\/egypt-signs-usd-500-mn-agreement-with-indias-lulu-hypermarket\/","url_meta":{"origin":573317,"position":1},"title":"Egypt signs USD 500 mn agreement with India\u2019s LuLu Hypermarket","author":"enterpriseam admin","date":"27 August 2019","format":false,"excerpt":"INVESTMENT WATCH- Egypt signed a USD 500 mn agreement with India\u2019s LuLu Hypermarket on Monday for four new retail outlets in Sixth of October City, New Cairo, and Obour City, the cabinet said in a statement. The company is also planning to build two logistics centers from which it will\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":592040,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/12\/24\/lulu-market-to-open-two-branches-in-egypt-next-year\/","url_meta":{"origin":573317,"position":2},"title":"Lulu Market to open two branches in Egypt next year","author":"enterpriseam admin","date":"24 December 2019","format":false,"excerpt":"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\u2026","rel":"","context":"In &quot;Other Business News of Note&quot;","block_context":{"text":"Other Business News of Note","link":"https:\/\/enterpriseam.com\/egypt\/category\/other-business-news-of-note\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":573361,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/07\/29\/your-top-infrastructure-stories-of-the-week-14\/","url_meta":{"origin":573317,"position":3},"title":"Your top infrastructure stories of the week","author":"enterpriseam admin","date":"29 July 2020","format":false,"excerpt":"Your top infrastructure stories of the week: The Transport Ministry is studying the possibility of a second phase of the electric train project that will connect Al-Salam, Tenth of Ramadan, and the new administrative capital, according to Al Mal.The Slum Development Fund is eyeing a EUR 24 mn grant from\u2026","rel":"","context":"In \"development finance\"","block_context":{"text":"development finance","link":"https:\/\/enterpriseam.com\/egypt\/tag\/development-finance\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":575584,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/10\/20\/abu-dhabi-sovereign-wealth-fund-invests-usd-1-bn-in-lulus-egypt-expansion\/","url_meta":{"origin":573317,"position":4},"title":"Abu Dhabi sovereign wealth fund invests USD 1 bn in LuLu\u2019s Egypt expansion","author":"enterpriseam admin","date":"20 October 2020","format":false,"excerpt":"INVESTMENT WATCH- Abu Dhabi\u2019s sovereign wealth fund ADQ Holding will invest USD 1 bn in retailer LuLu\u2019s Egypt expansion, the fund said in a statement. The non-binding agreement will see the Abu Dhabi-based retailer establish up to 30 hypermarkets and 100 mini markets, as well as logistics hubs and distribution\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2020\/10\/201.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":622710,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/10\/10\/indias-lulu-hypermarket-plans-to-invest-usd-500-mn-in-egypt-over-coming-two-years\/","url_meta":{"origin":573317,"position":5},"title":"India\u2019s Lulu Hypermarket plans to invest USD 500 mn in Egypt over coming two years","author":"enterpriseam admin","date":"10 October 2018","format":false,"excerpt":"** #5 INVESTMENT WATCH- India\u2019s LuLu Hypermarket is planning to invest USD 500 mn in Egypt over the next two years to expand its local operations, according to a cabinet statement picked up by Al Masry Al Youm. The company intends to build four new retail outlets in 6 October\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/573317","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=573317"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/573317\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/573285"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=573317"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=573317"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=573317"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=573317"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=573317"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}