LuLu Group may invest in Philippines
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Supermarket chain LuLu Group, based in Abu Dhabi, has been looking at investment opportunities in the Philippines.
It is part of its plans to expand in Southeast Asia, says director general Charito Plaza of the Philippine Economic Zone Authority (PEZA), following a visit from LuLu Group executives. Initially it aims to establish a warehouse for food products it will export to the Middle East and other markets where it has a presence. It has 138 retail stores in 21 countries.
“They will be building in Malaysia and Thailand, then also in the Philippines,” says Plaza.
She says the group will be setting up warehouses and seeking to grow vegetables and other crops, as well as establish food-processing factories. The LuLu delegation visited an economic zone in Angeles, Pampanga, as a possible warehouse site.
Aside from this, the group is also thinking about building malls and supermarkets in the Philippines.
Plaza says Qatar is also looking at sourcing food products from the Philippines.
Questions & Answers
Q.What is the initial investment focus for LuLu Group in the Philippines?
What is the initial investment focus for LuLu Group in the Philippines?
Initially, LuLu Group plans to establish a warehouse in the Philippines. This facility would be used for food products intended for export to the Middle East and other markets where the group operates retail stores.
Q.Which other Southeast Asian countries is LuLu Group considering for expansion?
Which other Southeast Asian countries is LuLu Group considering for expansion?
According to director general Charito Plaza, LuLu Group intends to build facilities in Malaysia and Thailand. These plans are part of its broader strategy to expand its presence across the Southeast Asian region.
Q.What additional ventures is LuLu Group contemplating for the Philippines beyond warehousing?
What additional ventures is LuLu Group contemplating for the Philippines beyond warehousing?
Besides establishing warehouses, LuLu Group is also considering growing vegetables and other crops, and setting up food-processing factories. The group is also thinking about building malls and supermarkets in the country.
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