LuLu Group International (LGI) has affirmed its commitment to expand investments in Indonesia, during its meeting with Coordinating Minister for Economic Affairs, Airlangga Hartarto.
The Indonesian government welcomes LGI’s investment expansion plan, particularly in the construction of a meat processing factory in Indonesia.
Established in Abu Dhabi in 2000, LGI has become one of the main contributors to the Gulf’s economy, with a sales turnover of US$8 billion.
Presently in Indonesia, LGI has established its presence through its subsidiary, Lulu Retail, which provides a variety of goods, including essential commodities. There are also 4 Lulu Hypermarket stores in Indonesia, located in Cakung, Tangerang, Sawangan, and Bekasi.
LGI plans to expand its investment into building a meat processing plant in the country. The new factory will handle raw material preparation, forming, frying, freezing, and packaging of sausage and meatball products.
A company spokesperson said, “We guarantee that the products will have halal certification, and the prices will be lower than those of products from other countries.”
Indonesia has also offered one of its special economic zones (SEZs) as a potential location for LGI’s meat processing factory.
