UAE retailer eyes employing 4,000 Saudi nationals by 2020-end

UAE retail giant LuLu Hypermarkets is planning to employ more than 4,000 Saudi nationals by the end of 2020 – from which, 1,700 will be women, Saudi Gazette reported, citing the company’s chairman.

“I think it is the duty of all businessmen and investors to create more jobs for the local youth,” Yusuffali MA said during the retailer’s tenth anniversary celebrations at Atayaf Mall, in Riyadh.

“We had previously revealed plans to open 15 new hypermarkets in Saudi Arabia by 2020, out of which three have already opened and a further 11 are slated for completion before the end of 2020, as part of a $267 million investment in the Kingdom,” he further added.

LuLu Group currently employs 2,700 Saudis in its hypermarkets across the Kingdom, including 700 women.