Sir Tom Phillips, British ambassador to Saudi Arabia, revealed that Lulu Hypermarkets KSA is planning to open a logistics centre in the United Kingdom, the Arab News reported today.
"I am delighted to have a relationship with Lulu, which is looking at opening a logistics centre in the UK,” said Phillips, speaking at the inauguration ceremony of British Week, a major food festival hosted by Lulu Hypermarkets in Riyadh and Dammam.
“This is a real opportunity to celebrate the partnership as Saudi Arabia is a priority market for the UK,” he said.
Lulu's regional director Shehim Mohammed Unni said: “The UK is an important and growing market for us. The new distribution centre called ‘Lulu Sourcing and Logistics Centre’, to be opened in the UK, will be an integral part of our commitment to Britain, from where Lulu Hypermarkets of the Gulf have been importing products worth 24 million pounds annually.
“Lulu's centre will be located in Birmingham, the second most populous city in the UK, which is also a major international commercial city,” he added.”
Saudi Arabia is the UK's largest market for goods and services outside the Organisation for Economic Co-operation and Development countries, with exports valued at more than US$6 billion.