With regards to his venture in the Philippines, Yusuff Ali is also exploring ways to remove dependency on the middlemen by buying directly from the local farmers, and pack and export the fresh produce to his more than 150 hypermarkets across various countries.
“This will be done in association with the Philippine Agriculture ministry, thus ensuring a new market to sustain local agricultural sector,” a spokesperson said.
The businessman, along with his management team, had earlier paid a courtesy call to Philippine President Rodrigo Duterte at the Malacanang Palace and updated him about the company’s investment plans in the PhIlippines. The president reportedly expressed full support for the future expansion.
The company is directly importing $10 million worth of fruits, vegetables and other commodities from the Philippines. This will be increased to $30 million within a year.
LuLu’s first warehouse in the Philippines is located at the Calamba Premiere International Park.
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