LuLu’s value concept store, LOT, opens three outlets in KSA

LuLu Group Chairman Yusuff Ali M.A. with other dignitaries at the launch event in Makkah.LuLu Group Chairman Yusuff Ali M.A. with other dignitaries at the launch event in Makkah.
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Updated 22 July 2025
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LuLu’s value concept store, LOT, opens three outlets in KSA

  • Chairman Ali said: “This expansion reflects our commitment to the Kingdom’s Vision 2030 and our goal to offer high-quality, affordable products to all”

LuLu Group inaugurated three new value concept stores, called LOT, in Saudi Arabia in a single day — in Makkah, Saihat in the Eastern Province, and Riyadh. The central launch event took place in Makkah and was attended by dignitaries and government officials.
The Makkah store was inaugurated by Dr. Waleed Basuliman, general manager of investment and partnerships at the Royal Commission for Makkah City and Holy Sites, alongside LuLu Group Chairman Yusuff Ali M.A.
Nasser Huwaiden Thaiban Ali Alketbi, consul general of the UAE in Jeddah; Yaser Attar, director general of investment and deputy for planning and financial sustainability at Makkah Municipality; Abdulaziz Al-Sindi; Sheikh Ibrahim Al-Rifaei; and business figures from Makkah were also present.
Chairman Ali said: “This expansion reflects our commitment to the Kingdom’s Vision 2030 and our goal to offer high-quality, affordable products to all.”
He added that with LOT, their aim is to redefine value retailing by making everyday essentials accessible to everyone without compromising on quality.
“Four more LOT stores are in the pipeline in the Kingdom,” the LuLu chairman added.
Located on Abdullah Areef Street in Al-Rusayfah district, the new Makkah LOT store spans 43,000 square feet and is designed to deliver an engaging, budget-friendly shopping experience.
It features a wide selection of household essentials, kitchenware, and fashion for men, women, and children, with a strong emphasis on quality and affordability.
The store also offers ample parking space, enhancing its convenience for residents and visitors alike.
These value concept stores offer a wide range of products at unbeatable prices, with many items priced below SR22 ($5.87).

The Eastern Province outlet, located in Saihat within the LuLu Hypermarket complex on Al-Musib Ibn Rafi Street, offers 24,000 square feet of smart retail space tailored to budget-friendly shoppers.
Meanwhile, the Riyadh location in Al-Malaz features 18,772 square feet of retail space and comprehensive parking facilities.
All three stores opened with exclusive collections and promotional offers, reinforcing LOT’s core mission of making good-quality products accessible at wallet-friendly prices, responding to growing consumer demand for affordable yet high-quality retail experiences.
With this strategic expansion, LuLu continues to strengthen its footprint in the Saudi market, energizing the local retail sector and reaffirming its commitment to delivering value-driven shopping across key cities in the region. 

 


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.