UAE-based hypermarket operator Lulu Group has announced plans to establish a sourcing and export hub for Central Europe in Poland.
To this end, the retailer has signed two separate MoUs with Polish government entities, Olsztyn Mazury Airport and the Polish Investment & Trade Agency.
Chairman of Lulu Group, Yusuffali M.A., said: “As part of ‘Food security’ strategy we are keen to set up our own sourcing and food processing units around the world to ensure uninterrupted supply and stable price in the market.
“The government is very keen to boost investment here and they have also promised to allocate 9 acres of land to further expand our processing unit.”
The announcement comes just days after Lulu opened a food processing hub in Milan.
As part of the first deal, Lulu will create a facility at Olsztyn Mazury Airport in the northeastern part of Poland.
Its second MoU, with the Polish Investment & Trade Agency, is designed to facilitate a smooth investment and operational process for Lulu Group in Poland.
It will also help identify new opportunities in related business sectors across different regions of Poland.
The second MoU with the Polish Investment & Trade Agency will facilitate a smooth investment and operational process for Lulu Group in Poland. It will also help identify new opportunities in related business sectors across different regions of Poland.
In the initial phase, the group aims to export products worth 50 million euros, with expectations of significant growth as new product lines are introduced.
