{"id":88051,"date":"2024-01-17T00:00:00","date_gmt":"2024-01-17T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/uae\/lulu-group-to-build-indias-biggest-shopping-mall-edge-to-invest-in-expanding-brazils-siatts-hq\/"},"modified":"2024-01-17T00:00:00","modified_gmt":"2024-01-17T00:00:00","slug":"lulu-group-to-build-indias-biggest-shopping-mall-edge-to-invest-in-expanding-brazils-siatts-hq","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/uae\/2024\/01\/17\/lulu-group-to-build-indias-biggest-shopping-mall-edge-to-invest-in-expanding-brazils-siatts-hq\/","title":{"rendered":"LuLu Group to build India\u2019s \u201cbiggest shopping mall\u201d + Edge to invest in expanding Brazil\u2019s Siatt\u2019s HQ"},"content":{"rendered":"

UAE retailer <\/strong>LuLu Group<\/a><\/strong> is investing USD 483 mn (AED 1.77 bn) to build <\/strong>India\u2019s<\/strong> \u201cbiggest shopping mall\u201d<\/strong> in the western city of Ahmedabad, LuLu Chairman Yusuff Ali told Asian News International<\/a> on the sidelines of the Vibrant Gujarat Global Summit in India. The mall\u2019s construction is scheduled to start later this year, according to Ali.<\/p>\n

One of seven LuLu malls in India: <\/strong>LuLu currently runs six other malls in the cities of Kochi, Thiruvananthapuram, Bengaluru, Lucknow, Coimbatore, and Hyderabad \u2014 the last of which is set to open at the end of January. <\/p>\n

Another one coming?<\/strong> Ali had also announced<\/a> plans to build another large mall in Chennai last September.<\/p>\n

\n

OTHER INVESTMENT NEWS-<\/p>\n

Edge to invest in expanding Siatt\u2019s Sao Paolo base:<\/strong> Abu Dhabi-based defense conglomerate Edge group<\/a>, which holds a 50% stake in Brazilian arms company Siatt<\/a>, will help expand Siatt\u2019s headquarters in Sao Paolo and boost its workforce over the next two years, according to an Edge press release<\/a>. The agreement came during an Edge delegation\u2019s visit to Sao Paolo. The press release did not clarify the value of the investments Edge will make in the expansion. <\/p>\n

The details:<\/strong> Edge will help Siatt expand its headquarters to a 7k square meter base S\u00e3o Jos\u00e9 dos Campos city, located in the State of S\u00e3o Paulo, up from the current 1k sqm base. The HQ will help accommodate more offices, labs and production facilities, the statement said.<\/p>\n

Edge will also help the company double its workforce to 200 qualified full-time employees<\/strong>, with plans to create over 600 new indirect positions with partners and suppliers in high-tech. <\/p>\n

ICYMI- <\/strong>Edge Group acquired<\/a> the controlling stake in Siatt in September last year, building on an agreement between Edge and the Brazilian navy for advanced long-range anti-ship missile technology.<\/p>\n","protected":false},"excerpt":{"rendered":"

The mall\u2019s construction is scheduled to start later this year<\/p>\n","protected":false},"author":1,"featured_media":88052,"comment_status":"","ping_status":"open","sticky":false,"template":"","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":[1557],"tags":[7,25,641,642],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-88051","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-investment-watch","tag-enterpriseam-uae","tag-investment-watch","tag-lulu-group","tag-retail","wpautop","entry"],"acf":{"mongo_id":"20a96301-aa62-41ee-8514-26a007aa5e82","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/1\/1361.jpg","photo_position":"above","homepage_title":"","full_issue_title":"LuLu Group to build India\u2019s \u201cbiggest shopping mall\u201d with USD 483 mn investment + Edge to invest in expanding Brazil\u2019s Siatt\u2019s HQ","related_issue":[88046],"teaser":"The mall\u2019s construction is scheduled to start later this year","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/1\/.0e09e29b-b843-4fd1-87fa-9161bc496ded.mp3"},"yoast_head":"\nLuLu Group to build India\u2019s \u201cbiggest shopping mall\u201d + Edge to invest in expanding Brazil\u2019s Siatt\u2019s HQ - UAE<\/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\/uae\/2024\/01\/17\/lulu-group-to-build-indias-biggest-shopping-mall-edge-to-invest-in-expanding-brazils-siatts-hq\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"LuLu Group to build 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