Richest Indian from UAE, Mr. Yusuf Ali of Lulu Group, Is Opening A Massive Warehouse In Philippines

A warm welcome to Mr Yusuf Ali of Lulu Group to the Philippines!

A Padma Shri awardee (one of the highest civilian award by the Govt of India, awarded at every Indian Republic Day) with a net worth of $5 billion (richer than Donald Trump) and is ranked as the richest Indian from UAE.

He is ranked No 388 richest man in the world as per 2018 Forbes Global list and the 19th richest man of India.

The major warehouse project for their goods in Philippines will act as the backbone of their global supply chain of retail super markets across GCC, Indonesia and across India.

First Investment in Philippines:

LuLu Group to open first PH warehouse 

UAE-based Kerala businessman is richer than Trump

The 10 Richest Indians In The Gulf

Profile | Chairman & Managing Director of LuLu Group – Yusuffali

Many other achievements of Mr Ali and his charitable and humanitarian work are here:

From Wikipedia: Yusuff Ali M.A.

GCC and International Investments/Growth:

They have just opened the largest supermarket in Saudi Arabia.

LuLu set to open its largest hypermarket of Riyadh in Saudi Arabia 

Lulu Group also has plans to invest USD 200m in China for which they have just signed a MoU in July 2018.

Hypermarket chain LuLu Group signs MoU to enter Chinese retail space

In 2017, Lulu group 2 large supermarkets in Indonesia with plans for more.

LuLu Hypermarket opens second store in Indonesia, eyes expansion

2 weeks ago, Lulu opened it’s 151^stsuper market and it’s 21^ststore in Oman.

LULU GROUP TO OPEN NEW OUTLET IN IBRI BAWADI MALL

Investments in Hospitality:

Among their latest ventures is a hospitality arm.

In July 2015, they began a new journey, into hospitality.

LuLu Group acquires Great Scotland Yard for £110m as UAE company moves into hotel development

In Jan 2018, they acquired a hotel in Edinburgh, Scotland.

Lulu Group acquires Waldorf Astoria Edinburgh

They wish to acquire more hospitality assets in 2018.

Lulu Group eyes hotels in mainland Europe 

Investments in India:

Lulu Group opened India’s largest mall in Kerala in 2013.

LuLu Mall: The melting pot of fashion, food, culture and entertainment

They have also announced to build North India’s largest mall in Lucknow, UP, 10 days ago.

LuLu to set up north India’s biggest mall in Lucknow

In Feb 2018, they announced a major investment for Noida, UP (close to Delhi).

Lulu Group to invest Rs 3,000 crore in Noida 

UAE-based Lulu Group launches integrated project in India 

Lulu Group announces launch of Bolgatty, Grand Hyatt projects

LuLu to invest Rs 2,500 cr on mall in Hyderabad 

Visakhapatnam’s much-awaited LuLu project to come up soon

In total, their Indian investment is approx. USD 2bn.

Lulu Group launches Rs.13,000 cr construction projects 

We wish him and his group sincerely all our best.

Meanwhile, if you or anyone you know (or as a group) wishes to invest in Philippines (the fastest growing country in the world), or consult about investment opportunities in luxury real estate, hotels, incorporation, banking, stocks or residency in the Philippines (or citizenship of any of the currently available countries globally), please do send us your query (to be answered for free) at voiceofthemarkets@ protonmail.com.