The LuLu Group has entered into a Memorandum of Understanding with the Khalifa Fund for Enterprise Development, for supporting entrepreneurship among Emiratis and boosting their investment culture. The collaboration also aims to support small to medium sized investments in the Emirate.
The MoU was signed by the Chief Executive Officer of LuLu Hypermarkets, Saifuddin Rupawala, and the Chief Executive Officer of Khalifa Fund for Enterprise Development, Abdullah Saeed Al Darmaki. Yusuff Ali M.A., MD of the LuLu Group, Hussain Al Nuwais, Chairman of Khalifa Fund, and other top officials were also present. The MoU signing ceremony was held at the Abu Dhabi Entrepreneurship Forum 2013 organized by the Khalifa Fund at Abu Dhabi National Exhibition Centre (ADNEC).
As per this agreement, LuLu will help the local entrepreneurs associated with the Khalifa Fund by procuring their products and promoting them through the network of LuLu stores across the UAE. We will also train local entrepreneurs to follow the best and most effective practices in the field of retail management.
