date:May 21, 2014
United Arab Emirates-based supermarket chain Lulu Group said on Monday it plans to invest $200 million on halal-only outlets in Malaysia in the next two years ahead of expanding into other south Asian markets.
Owned by Yusuff Ali M.A, who was ranked first on the Forbes list of the richest 100 Indians in the Arab world last year, Lulu has 110 supermarkets and hypermarkets across the Gulf, Yemen, Egypt and India.
Malaysia, where it plans to open five hypermarkets, will be the group's first marke