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Middle Eastern companies flock to J&K: Srinagar to house Emaar Mall

LuLu exports Rs 70 crore worth of apples, vegetables, walnuts and saffron

Tourists travel in boats on the waters of Dal Lake during a snowfall, in Srinagar (Photo: Reuters)

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Surajeet Das GuptaShine Jacob New Delhi/Chennai
From shopping malls to food processing, Jammu & Kashmir is attracting the attention of foreign investors, especially from West Asian countries. A shopping mall of about 500,000 square feet in Srinagar is being planned by real estate giant Emaar Group, in which Abu Dhabi-based LuLu Group-which runs supermarkets across West Asia will be setting up a hypermarket.

Confirming the development, M A Yusuff Ali, chairman, LuLu Group said, “We have entered into a deal to set up a hypermarket in the mall, which is being built by Emaar Properties." This comes at a time when as part of the first

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First Published: Feb 22 2023 | 3:58 PM IST

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