Virtual summit to explore GCC-UK trade opportunities

The Gulf region accounts for $50.8 billion worth of business annually with the UK and the two regions are experiencing a time of advantageous trade opportunities.
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Updated 10 May 2021
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Virtual summit to explore GCC-UK trade opportunities

British government figures indicate that the UK trade with the Middle East amounts to $57.2 billion annually, with the Gulf region accounting for $50.8 billion. The two regions are experiencing a time of advantageous trade opportunities and a period of rapid growth and diversification.

With so many opportunities for bilateral trade and investment, the upcoming virtual GCC-UK Trade Summit, organized by Add Enterprise International, will bring together commercial opportunities, experts, live projects, and potential suppliers to explore and encourage trade and investment over the next decade. The event, on June 29, will include the participation of more than 40 speakers and 400 attendees.

The GCC-UK Trade Summit aims to facilitate foreign direct investment, business, and trade between the GCC and the UK, providing a platform for businesses to expand into new markets and build networks. It will present some of the most prominent projects currently underway in the GCC, providing updates and highlighting investment and cooperation opportunities.

The summit will also host insightful discussions and presentations on subjects that are most relevant to the UK and GCC business communities, delivering key insights through expert speaker panels, case studies, sectoral analysis, high-level conversations, interviews, and networking opportunities.

Delegates will hear from a lineup of industry-leading figures, interviewers, and senior management of megaprojects including: Dr. Abdel-Aziz Aluwaisheg, assistant secretary-general for political and negotiation affairs, GCC; Jay Rosen, chief financial officer of The Red Sea Development Company and AMAALA; Julian Lynn, regional head, Middle East and Asia Pacific, UK Export Finance; Alistair Gosling, advisory board member, Qiddiya; Frank Kane, senior business editor and anchor of Frankly Speaking, Arab News; Khalid Al-Zayani OBE, chairman, Bahrain British Business Forum; and Saud Abu Al-Shawareb, managing director, Dubai Industrial City.

The agenda explores important topics including the GCC economies and investment overview, investing in the UK, stimulating economic growth and development, attracting foreign investment, environmental sustainability, future economic outlooks, and regional opportunity sector developments.

It will be held virtually via a dual-language English and Arabic event platform, Malga. Delegates will be able to choose which language they attend in to ensure a seamless, engaging and successful event of collaboration, business, and networking.

Tickets are available here 

 


LuLu opens 72nd Saudi store at Cenomi Aziz Mall

Updated 18 December 2025
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LuLu opens 72nd Saudi store at Cenomi Aziz Mall

As part of its ongoing expansion strategy in Saudi Arabia, LuLu Retail has opened its 72nd store in the Kingdom at Jeddah’s Cenomi Aziz Mall, located in Al-Faisaliyah District. This also represents LuLu’s 267th outlet across the GCC.
The newly opened LuLu Hypermarket offers a modern and convenient shopping experience, featuring a curated selection of high-quality products and reinforcing the brand’s longstanding commitment to affordability and excellence.
The new hypermarket was officially inaugurated by chief guest Mohammed Yousuf Naghi, president and chairman of the board of the Jeddah Chamber of Commerce and Industry, in the presence of Nasser Huwaiden Thaiban Ali Alketbi, consul general of the UAE in Jeddah; Fahad Ahmed Khan Suri, consul general of India in Jeddah; Rommel A. Romato, consul general of Philippines in Jeddah; Yusuffali M.A., chairman of LuLu Group; Khalid Al-Janahi, chief commercial officer at Cenomi Centers; and other dignitaries.
Spanning over 10,157 square feet, the new location offers a wide range of products, from groceries to household products. Shoppers can find everything from fresh produce and bakery items to meat, seafood, health and beauty products, mobile phones and accessories, and home furnishings. To ensure hassle-free shopping, customers can take advantage of self-check-out counters and ample parking space with a capacity for 3,000 vehicles.
“This new hypermarket enhances the shopping experience for customers while supporting local economic growth and creating employment opportunities in the region. As its 72nd store in the Kingdom, the opening reflects LuLu’s commitment to Saudi Vision 2030. LuLu continues to expand across key locations in Saudi Arabia and aims to open 100 stores to meet the needs of its growing customer base,” said chairman Yusuffali.
Also present at the opening ceremony were Ashraf Ali M.A., executive director of LuLu, and Mohamed Haris, director of LuLu KSA.