EMKE To Invest Close To US$270mn In Gulf's Most Attractive Retail Market

UAE-based conglomerate EMKE Group, owner of the Emirate's leading Lulu branded supermarkets and hypermarket will invest SAR1bn (US$267mn) in Saudi Arabia over the next eighteen months - a decision we believes makes sense given our view that Saudi Arabia houses the Gulf region's most promising mass grocery retail (MGR) industry on a number of counts.

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