Qatar is bringing its largest chain of supermarkets to the Philippines as a part of its expansion in Southeast Asia.
Philippines Economic Zone Authority Director General Charito Plaza said Lulu Hypermarket started scouting for locations in the Philippines. This is an opportunity for them to invest in the Philippines, In as mush as they would also like to continue importing food from us, they are also keenly looking at investing in food production and bring the produce back to the Middle East, he said.
Lulu is the Largest retail chain in the Middle East and has 127 stores worldwide. The Top management of Lulu visited the Philippines recently to look for warehouses where they could sotre and consolidate items the company plans to bring to the Middle East and other countries. The warehouse will also serve as a storage of products once the company starts to grow food in the Philippines.
Charito Plaza who encourage Watari investors to explore agro farming in the Philippines, is set to go back to the Middle East to formalize an agreement with the Minister of Economic and Agriculture and Qatari food companies on food production in the Philippines.
Reference by: Othel V. Campos
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