MA Yusuff Ali Announces New Shopping Malls in Ahmedabad and Chennai
MA Yusuff Ali, Chairman & Managing Director of Lulu Group International, expressed his happiness over investing in India and providing employment to fellow citizens. He announced the construction of India’s biggest shopping mall in Ahmedabad, costing Rs 4,000 crore, with construction starting in 2024.
Lulu Group plans to open malls in Ahmedabad, Chennai, and Hyderabad, and currently operates in six Indian cities. Lulu Group, based in Abu Dhabi, employs over 65,000 people globally and has an annual turnover of USD 8 billion.
Doubts Revealed
MA Yusuff Ali -: MA Yusuff Ali is a businessman from India who is the Chairman and Managing Director of Lulu Group International. He is known for building big shopping malls.
Lulu Group International -: Lulu Group International is a company that builds and runs shopping malls and supermarkets. It is based in Abu Dhabi, which is a city in the United Arab Emirates.
Ahmedabad -: Ahmedabad is a big city in the state of Gujarat in India. It is known for its rich history and culture.
Chennai -: Chennai is a large city in the state of Tamil Nadu in India. It is famous for its beaches, temples, and cultural heritage.
Hyderabad -: Hyderabad is a major city in the state of Telangana in India. It is known for its historical sites and delicious food.
Rs 4,000 crore -: Rs 4,000 crore is a very large amount of money in Indian currency. One crore is equal to 10 million, so 4,000 crore is 40 billion rupees.
USD 8 billion -: USD 8 billion is a huge amount of money in US dollars. One billion is equal to 1,000 million, so 8 billion is 8,000 million dollars.
annual turnover -: Annual turnover means the total amount of money a company makes in one year from selling its products or services.