UAE's Lulu to build $463m PPP-led mixed-use project in south India

The Abu Dhabi-based retail giant is "fully committed" to completing the mixed-use development in Vishakapatnam within 36 months, chairman Yusuff Ali MA said

Lulu Group will build a $463m mixed-use project in India's Vishakapatnam city in Andhra Pradesh [representational image].
Lulu Group will build a $463m mixed-use project in India's Vishakapatnam city in Andhra Pradesh [representational image].

UAE-based Lulu Group announced the launch of a $462.8m (AED1.7bn) mixed-use project in a south Indian state.

The retailer, headquartered in Abu Dhabi, will develop the project in the Indian state of Andhra Pradesh through a public-private partnership (PPP) agreement.

READ: Lulu to build $272m mall in 30 months

A 7,000-capacity convention centre, a shopping mall, and a luxury hotel will be developed in Andhra Pradesh's Vishakapatnam city.

Lulu Group's chief said his team had concluded "many rounds of fruitful discussions with the government of Andhra Pradesh", and commended the speed with which the project had been approved.

Yusuff Ali MA, chairman and managing director of Lulu Group, said the project would provide "a world-class shopping experience to both tourists and residents" of Andhra Pradesh. 

According to a report by Arabian Business, he added: "We hope to complete this prestigious project by 2021.

"We are fully committed to completing [the project] within 36 months." 

More than 200 retail brands, a hypermarket, a 11-screen multiplex, 2,500-strong food courts, and more than 20 food and beverage (F&B) outlets will be developed within the project.

Most popular

Awards

Deadline approaches for CW Oman Awards 2020 in Muscat
You have until 20 January to submit your nominations for the ninth edition of the

Conferences

CW In Focus | Inside the Leaders in KSA Awards 2019 in Riyadh
Meet the winners in all 10 categories and learn more about Vision 2030 in this
CW In Focus | Leaders in Construction Summit UAE 2019
A roundup of Construction Week's annual summit that was held in Dubai this September

Latest Issue

Construction Week - Issue 765
Jun 29, 2020