Friday, November 10, 2017
Chief Minister Nara Chandrababu Naidu today said in Kochi that the UAE based LuLu Group would set up an integrated project comprising a convention centre, a shopping mall and a five-star hotel in Visakhapatnam.
He said that the LuLu Group Mall in Kochi had been awarded the tender to develop the project in Visakhapatnam. ‘We expect the LuLu Group will do better than its Kochi facility in Visakhapatnam. It is a good place and a very creative city. LuLu Group has done so much for Kerala, helping in its exponential growth. This type of investment is needed everywhere, he said.
Chandrababu said that LuLu group would provide one of the best shopping malls with 5,000 seating capacity, the convention centre is a truly world-class facility. He met LuLu Group’s MD M.A.Yusuff Ali during his recent visit to the UAE and discussed the way forward on the group’s proposal. He reportedly expressed his keenness no launching work on the mega project by February/March next. It is contemplating nearly Rs.7000 crore in what will look like a HITEX spread over 15 acres.