LuLu Hypermarket Saudi Arabia has been named the Most Admired Value Retailer of the Year at the IMAGES RetailME Awards — KSA 2025, held in Riyadh.
The annual event recognizes retailers across the Kingdom for their performance, innovation, and customer engagement. LuLu was selected in the value retail category for its operations across more than 71 outlets in Saudi Arabia.
Recently, in a comprehensive nationwide price comparison survey conducted by Al-Eqtisadiah newspaper’s Financial Analysis Unit to evaluate retail prices across the Kingdom in 2024, LuLu ranked first for offering the best overall prices, surpassing other major retailers.
Receiving the award, Mohammed Haris, director of LuLu Saudi Arabia, said the win reflected the combined efforts of store teams across the country. “We acknowledge this as a recognition of the commitment shown by our staff and the support of our customers,” he said.
The RetailME Awards, organized by Images Group Middle East, bring together leading retail brands, industry executives, and analysts to highlight key developments shaping the region’s consumer market.
Organizers said the 2025 edition focused on brands demonstrating consistent operational standards, business resilience, and alignment with Saudi Arabia’s broader economic goals under Vision 2030.
LuLu named ‘Most Admired Value Retailer of the Year’
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LuLu named ‘Most Admired Value Retailer of the Year’
Sulaiman Al-Rajhi Endowment projects worth SR8bn launched in Makkah
Sulaiman Al-Rajhi Real Estate Company has announced the launch of several real estate projects belonging to the Sulaiman Al-Rajhi Endowment system in Makkah, with a total investment exceeding SR8 billion ($2.1 billion). These projects include commercial, residential, and hospitality developments, as well as strategic land plots, as part of the company’s commitment to supporting the Kingdom’s real estate sector and enhancing the quality of life in the holy city.
The announcement was made during a field tour by a delegation of high-level officials including Saleh Al-Rasheed, CEO of the Royal Commission for Makkah City and Holy Sites; Ihsan Bafakih, chairman of the board of directors of Sulaiman bin Abdulaziz Al-Rajhi Holding Company; Haitham Al-Fayez, chairman of Sulaiman Al-Rajhi Real Estate Company and CEO of Sulaiman Al-Rajhi Holding Company; Moath Al-Mukhudub, managing director and CEO of Sulaiman Al-Rajhi Real Estate Company; and Anas Mansour Abadi, CEO of real estate at Sulaiman Al-Rajhi Holding Company and representative of the Sulaiman Al-Rajhi Endowment, alongside members of the board of directors of both the holding and real estate companies and the executive team.
The tour included the launch of the Tilal Towers project, with an investment value of SR2 billion, featuring more than 2,500 hotel rooms, strengthening the hospitality sector in Makkah.
The delegation also visited the Tilal Village project, valued at SR2.8 billion. It is one of the prominent qualitative projects within the hospitality ecosystem in Makkah.
Furthermore, the visit covered the residential buildings within Tilal Village, comprising 828 units, with an investment of SR800 million. The delegation inspected the specialized hospital, medical complex housing, and the office and commercial plazas.
During the tour, a contract was signed for the Al-Rajhi Center project, valued at SR250 million, as part of a comprehensive rehabilitation plan.
The inspection also included the Al-Ukayshiyyah land, spanning 4 million square meters, and the Al-Ghazzawi project land, valued at SR250 million.
The tour concluded with prayers at the Aisha Al-Rajhi Mosque, the second-largest mosque in Makkah after the Grand Mosque, with a capacity for 50,000 worshippers.
This visit underscores the importance of these investments, which represent a clear direction toward enhancing the management of the endowment’s assets through diversification, redevelopment, and strategic expansion, in line with the development goals of the Makkah city and Saudi Vision 2030.
Sulaiman Al-Rajhi Real Estate, a subsidiary of Sulaiman bin Abdulaziz Al-Rajhi Holding Company, continues to provide innovative solutions to elevate the real estate sector to international standards.
