LuLu ushers in new shopping experience at NEOM

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The store was inaugurated on Feb. 28 in the presence of Antonio Valenzuela, sector head, senior executive director NEOM operations, and senior LuLu officials. (Supplied)
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The store was inaugurated on Feb. 28 in the presence of Antonio Valenzuela, sector head, senior executive director NEOM operations, and senior LuLu officials. (Supplied)
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The store was inaugurated on Feb. 28 in the presence of Antonio Valenzuela, sector head, senior executive director NEOM operations, and senior LuLu officials. (Supplied)
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Updated 28 February 2022
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LuLu ushers in new shopping experience at NEOM

  • Lulu Xpress NEOM runs on renewable solar energy, and will have paperless transactions and zero consumption of single-use plastic, in line with the hypermarket’s ongoing efforts to maintain sustainability and eco-friendly business processes

NEOM: Positioning itself at the forefront of a smart city revolution sweeping Saudi Arabia, LuLu Hypermarket has opened the first express store in NEOM Community 1. The new store features all the conveniences that LuLu offers in terms of a wide variety of food and non-food items as well as quality and affordability.

The store was inaugurated on Feb. 28 in the presence of Antonio Valenzuela, sector head, senior executive director NEOM operations; Hamad Alsulaiman, director, NEOM operations support; Keith Mitchell, senior manager — engagement and leisure services NEOM operations — community services; and Mahmoud S. Lasheen, lead, NEOM Community retail. Also present were Shehim Mohammed, director, LuLu Hypermarkets, Saudi Arabia, and Rafeek Mohamed Ali, regional director, LuLu Hypermarkets, western province, Saudi Arabia.

Lulu Xpress NEOM runs on renewable solar energy, and will have paperless transactions and zero consumption of single-use plastic, in line with the hypermarket’s ongoing efforts to maintain sustainability and eco-friendly business processes.

HIGHLIGHT

Lulu Xpress NEOM runs on renewable solar energy, and will have paperless transactions and zero consumption of single-use plastic, in line with the hypermarket’s ongoing efforts to maintain sustainability and eco-friendly business processes.

Commenting on the new launch, Yusuffali M.A., chairman of Lulu Group, said: “First of all, I want to thank the leadership of this country for giving us this opportunity to set up the first Lulu store in the futuristic NEOM City. We are very excited by the immense prospects that are opening up in the Kingdom and we are firm in our commitment of further investments and expansion in the Kingdom.”

The single-level shop, built over 8,476 square feet, has “green” checkout counters for customers to complete their eco-friendly shopping. Fresh fruits and vegetables, grocery, meat and poultry, and fresh and frozen food sections are the main focus of the store, with greater emphasis on quick service.

“We are excited to be a part of the NEOM project — it is a futuristic steppingstone and LuLu sees this as the start of a new retail experience in Saudi Arabia,” said Shehim Mohammed. “Though hypermarkets continue to be our primary focus area, we also intend to open more of these express stores to cater to the growing demand of suburbs and gated communities. The strong brand loyalty and location advantage will surely help LuLu Express become a dominant player in this sector also.”


25,000 attend Social Development Bank’s DeveGO25 forum

Updated 27 December 2025
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25,000 attend Social Development Bank’s DeveGO25 forum

The Social Development Bank concluded the second edition of the Entrepreneurship and Modern Business Practices Forum — DeveGo 2025 — announcing the achievement of high-impact outcomes that further reinforced the forum’s position as the largest national platform in the region dedicated to entrepreneurship, innovation, and freelance work in Saudi Arabia and beyond. 

The forum witnessed broad participation from local and international experts, investors, entrepreneurs, and representatives of local, regional, and international institutions.

Over three days at the King Abdulaziz International Conference Center, the forum drew 25,000 participants and visitors, who benefited from over 45 specialized workshops and over 2500 advisory sessions delivered by more than 70 consultants and experts. 

The sessions covered key areas including entrepreneurial planning, business models, venture capital, digital platforms, freelancing, and emerging technologies. 

The forum also featured 20 panel discussions with leading local and international speakers, addressing major global trends in entrepreneurship, including the future of artificial intelligence, the creative economy, digital transformation, and venture investment. 

The forum saw the launch of the Saudi Empretec Fellowship, in the presence of Rebeca Grynspan, secretary-general of the UN Conference on Trade and Development. 

The partners in success within the Social Responsibility Portfolio supporting entrepreneurs were honored. 

It also saw the honoring of 13 winners of the Handicrafts Competition, representing various regions of the Kingdom, the announcement of winners of the Salam Award for Promising Projects, and the recognition of leading entrepreneurial projects fund under the Enterprises Track. 

In addition, the NEXT UP Challenge concluded on the third day of the forum with 20 startups presenting their projects to more than 500 investors, enhancing opportunities for networking and partnership building.

As part of efforts to strengthen the support ecosystem, the forum witnessed the signing of 51 agreements, along with the launch of a suite of new financing products. These included the Capital Expansion Product with a ceiling of up to SR10 million, the Payroll Product with a ceiling of SR2 million, and the Rental Product with a ceiling of SR1.5 million, aimed at supporting enterprises in asset development and covering operational costs. 

This reflects the bank’s direction toward offering more specialized financing tools that respond effectively to market needs.

The forum concluded by reaffirming its role as a unifying national platform for entrepreneurship, where accompanying activities and events provided direct engagement opportunities between entrepreneurs, investors, and experts. 

The forum also highlighted success stories and practical experiences that reflect the scale of entrepreneurial momentum in the Kingdom and the growing role of the Social Development Bank in supporting a national economy driven by innovation and knowledge.