LuLu Retail has further expanded its presence in Saudi Arabia with the unveiling of two state-of-the-art shopping destinations in Riyadh and Dammam. These new stores are designed to bring a modern shopping experience closer to residential neighborhoods, offering everything from daily groceries to household essentials under one roof.
The expansion includes a massive flagship hypermarket and a convenient express store, each tailored to meet the needs of the local community with high standards of service and variety.
Recently, Yusuffali M. A., chairman of LuLu Group, reaffirmed the group’s commitment to continuous growth while ensuring an uninterrupted supply of products and maintaining stable prices for customers.
The largest of the new openings is located in the Suwaidi district of Riyadh. This massive flagship hypermarket covers more than 400,000 square feet and is built to be a one-stop shop for the capital’s residents.
The store was officially inaugurated by Mohammed Khalid Al-Shalfan, investors relationship manager at the Ministry of Investment, and Matar Salem Ali Marran Al-Dhaheri, ambassador of the UAE to Saudi Arabia.
This new retail landmark features an extensive range of departments, including grocery food and non-food items, beauty and wellness, chilled and dairy products, frozen foods, and a roastery. Shoppers can also find fresh fruits, vegetables, a bakery, and a delicatessen, as well as fresh meat and fish sections. A unique feature is the fresh food dining area. For tech enthusiasts, there are dedicated sections for computers, gaming, telecom, mobile phones, and consumer electronics. The store also carries stationery, household goods, home furnishings, toys, luggage, and footwear, all supported by more than 100 parking spaces.
Meanwhile in Dammam, LuLu inaugurated a new LuLu Xpress store and the LOT, a value shopping destination, in the Faisaliya district. The store was officially inaugurated by Mansour Al-Binali, assistant director general of the Ministry of Human Resources and Social Development for the Eastern Province.
Covering 33,000 square feet, the store includes a wide range of products with fresh food, local produce, and meat, along with a section for technical consumer goods featuring the latest electronics and gadgets.
The LOT Value Shop focuses on high-quality items at affordable prices. Residents can shop for household goods, home furnishings, stationery, toys, and educational products, most of which are priced below SR22 ($5.86).
For added convenience, the location provides nearly 100 parking spaces.
LuLu has launched special inaugural offers across all departments in both the Riyadh and Dammam stores. These promotions allow customers to enjoy significant savings on a wide range of products and international brands. This expansion reinforces LuLu’s commitment to supporting the Kingdom’s retail growth and providing quality service to neighborhoods across Saudi Arabia.
LuLu opens two new stores in Riyadh and Dammam
https://arab.news/pxpa8
LuLu opens two new stores in Riyadh and Dammam
SVC invests $1.2bn and contributes to Kingdom’s pole position in VC funding
Saudi Venture Capital Company (SVC) released its annual “Impact Report,” which highlighted SVC’s role in the record growth rates achieved by the Saudi private capital ecosystem in 2025.
The report emphasized SVC’s impact on the Kingdom's private capital ecosystem (Venture Capital, Private Equity, Venture Debt, and Private Debt) since the company’s establishment in 2018.
The report showed that SVC's total committed investments since its inception have reached $1.2 billion, while its investments have stimulated partner commitments totaling $5.9 billion, or 4.9 times SVC’s commitment. This highlights SVC’s role as a key catalyst and market maker in the private capital ecosystem.
The report indicated that the number of funds backed by SVC increased to 65, while the number of startups and SMEs supported exceeded 1,000 across several vital sectors, including e-commerce, fintech, healthcare, education technologies, transport, and logistics.
Commenting on the report, Nora Alsarhan, Deputy CEO and Chief Investment Officer at SVC, said: “The report highlights the transformative progress happening across Saudi Arabia’s private capital ecosystem as a direct result of the initiatives and goals of the Saudi Vision 2030.”
She added: “We remain committed to developing investment programs, products, and developmental initiatives based on market needs analysis and aligned with leading global models, which enhance the competitiveness of the Saudi private capital ecosystem, support diversification of the national economy, and help achieve the goals of the Saudi Vision 2030.”
The report showed that SVC’s strategy contributed to the Kingdom’s maintaining its first rank in the MENA region for the third straight year in VC funding in 2025, reaching a historic total of $1.7 billion. This reflects the growth seen across various economic and financial sectors under Saudi Vision 2030, which aims to strengthen the national economy.
The report indicated that the number of venture capital investors has increased sixfold since SVC was founded in 2018, when the number did not exceed 34, reaching 200 in 2025. This reflects the depth of the market and the expansion of the institutional investor base in Saudi Arabia.
The report also highlighted the launch of the inaugural Private Capital Forum, a regional platform to advance dialogue on private capital. The forum brought together 1,070 participants and 59 speakers across 20 sessions, reaching 7.2 million people digitally and generating over 10.5 million media impressions.
