Modon Holding has announced that it has entered into a partnership with LuLu Retail to develop and operate hypermarkets and other retail facilities throughout the United Arab Emirates and Egypt.
Publish dateWednesday 30 October 2024 - 12:25
According to Amac News: Based on the announcement of this holding company, the company will take advantage of its expertise in large-scale project development in the field of community-focused retail, including hypermarkets, supermarkets, and various retail stores by LuLu will cooperate.
Formalized through a memorandum of understanding, the partnership also includes exploring high-potential locations for retail expansion, implementing smart retail solutions, improving advanced logistics infrastructure, and enhancing customer experiences with innovative retail technologies.
A dedicated working committee, consisting of representatives from Modon Holding and LuLu Retail, will oversee collaboration, communication and identification of potential projects and initiatives.
According to the announcement, the purpose of this committee is to facilitate the sharing of expertise, optimize operations and maximize benefits for both parties.
LuLu is a leading retail chain in the Middle East with an international presence in 23 countries across the Middle East, Asia, the United States and Europe, headquartered in Abu Dhabi.
LuLu operates 240 stores including 116 hypermarkets, 102 express stores and 22 mini markets across the GCC countries.
Formalized through a memorandum of understanding, the partnership also includes exploring high-potential locations for retail expansion, implementing smart retail solutions, improving advanced logistics infrastructure, and enhancing customer experiences with innovative retail technologies.
A dedicated working committee, consisting of representatives from Modon Holding and LuLu Retail, will oversee collaboration, communication and identification of potential projects and initiatives.
According to the announcement, the purpose of this committee is to facilitate the sharing of expertise, optimize operations and maximize benefits for both parties.
LuLu is a leading retail chain in the Middle East with an international presence in 23 countries across the Middle East, Asia, the United States and Europe, headquartered in Abu Dhabi.
LuLu operates 240 stores including 116 hypermarkets, 102 express stores and 22 mini markets across the GCC countries.
amacnews.com/vdcg.n9qrak9y7j54a.html
Source : news agency wam
Most viewed
