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Lulu Group to Establish Cold Storage Facilities in Egypt to Boost Global Exports
CAIRO – 18 March 2025: The Indian Lulu Group has unveiled plans to set up cold storage facilities in Egypt, a move designed to support the country’s export operations to international markets. This initiative aligns with the company’s broader strategy to expand its investments and solidify its presence in the Egyptian market.
Hassan El-Khatib, Egypt’s Minister of Investment and Foreign Trade, recently met with a delegation from Lulu International Group to discuss Egypt’s economic policies and investment opportunities. During the meeting, the minister reaffirmed Egypt’s commitment to attracting Indian investments by fostering a business-friendly environment. He highlighted ongoing government reforms aimed at enhancing the investment climate and streamlining procedures for foreign investors.
El-Khatib emphasized that the partnership between Egypt and India holds significant potential for strengthening trade, industry, and logistics cooperation. He also underscored Egypt’s strategic location, positioning the country as a primary gateway to African and European markets. The government, he noted, is dedicated to facilitating new projects, stimulating economic growth, and generating job opportunities, making Egypt an attractive destination for international investors.
From Lulu Group’s side, Najmuddin Ibrahim Kuti, CEO of Fair Exports (India) Pvt Ltd, a Lulu Group subsidiary, expressed the company’s strong interest in expanding its footprint in Egypt. He revealed that Lulu Group already operates nine Lulu Hypermarket branches in the country and is planning additional openings to reinforce its local presence.
Kuti also detailed Lulu Group’s plan to establish cold storage facilities to enhance Egypt’s export capabilities and unlock new opportunities for Egyptian products in global markets. This initiative is expected to strengthen Egypt’s role as a key exporter and contribute to economic growth and job creation in the sector.
Rakesh Ravi, Commercial Director of Lulu International Group, highlighted Egypt’s strategic importance in the company’s expansion plans, particularly in the consumer goods trade. He explained that Fair Exports specializes in exporting meat, spices, fresh fruits, and vegetables, further expanding trade opportunities between Egypt and India. This specialization is set to increase Egypt’s global market competitiveness, reinforcing the country’s position as a major player in international trade.
By leveraging Lulu Group’s investment and expertise, Egypt continues to attract foreign capital while strengthening its export-driven economy. This initiative not only reflects Lulu’s commitment to the Egyptian market but also underscores the growing economic ties between Egypt and India, paving the way for greater trade cooperation and sustainable growth.
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