In 2024, Abu Dhabi-based retailer Lulu Group (global annual turnover of US$7.3 billion in 2023) plans to build one of India’s largest malls. Located in Ahmedabad it will cover 288,000 sq.m GLA and represents an investment of around US$482 million. In 2020, ADQ acquired 20% of Lulu Group in a US$1 billion-transaction, one of the largest retail transactions in the U.A.E. in recent years.
To remember: With this new shopping centre, the Emirati retailer plans to house 300 national and international
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Article authors
Morgane Monteiro
Journalist
Journaliste économique pour mind Retail depuis 2024, j’analyse la transformation digitale du commerce.