UAE-based LuLu Group will open its first CEE logistics center in Poland
LuLu Group International - a trade conglomerate from the United Arab Emirates (UAE) - will open its first logistics center in CEE in Poland, according to the Polish Investment and Trade Agency (PAIH), with whose support the investment is being made. LuLu Group has also signed an agreement with Olsztyn-Mazury Airport, which will make it the Group's main logistics partner in Poland.
"The logistics center in Poland will play a key role in the development of LuLu Group International's business in the Central and Eastern European region. The new investment is another step in the company's expansion, which will strengthen its position as one of the most important players in the global retail market. The new logistics center will also increase the availability of local products from Poland on the shelves of LuLu Group's stores. This will also result in closer cooperation between Polish manufacturers and suppliers and UAE contractors," the company announced.
To underscore the importance of the investment, PAIH and LuLu Group have also signed a cooperation agreement. The concluded document will enhance the exchange of knowledge and experience between the organizations and help further strengthen Polish-Emirati economic relations, it stressed.
"We are excited about the opportunity to expand into the Polish market. This is a strategic step that will enable us to source the highest quality products from Poland and serve our customers through 254 hypermarkets in the Middle East region. We believe that our presence in your country will contribute to the promotion of Polish products internationally." said LuLu Group International Chairman and Managing Director Yusuff Ali M.A.
"We are pleased that LuLu Group appreciates Poland's strategic location and how high the standards of investor service are in our country, and is creating a logistics hub for Eastern Europe here. The company's investment will also open up new opportunities for local Polish manufacturers. It will allow them to reach more customers and in a faster, safer way," added PAIH President Pawel Kurtasz.
As part of its cooperation with our country, the company also signed an agreement with the Olsztyn-Mazury Airport. The regional airport has thus become the food giant's main logistics partner in Poland.
"The cooperation is implemented within the framework of the Special Trade Zone project, which is part of the Olsztyn-Mazury Food Cluster - an original initiative of the management of Warmia and Mazury Ltd. Products shipped from the logistics port include fruits, meat products, dairy products and a variety of food supplements. The total volume of goods cleared and shipped from Szymany airport in the last year exceeds 200 tons," it was announced.
LuLu Group International is an international conglomerate based in Abu Dhabi, United Arab Emirates, founded in 2000 by Yusuff Ali M. A. The group operates in 23 countries in the Middle East, Africa, Asia, the United States and Europe. It has 254 retail stores and 25 shopping centers in 9 countries, supported by procurement operations in 15 countries. In addition to retail, manufacturing and distribution of food products, the group also has interests in other sectors such as IT, real estate and tourism and hospitality.
Source: PAIH, LuLu Group and ISBnews