Indonesia: Lulu Group to invest $500m, Northcliff to inject $200m in realty

Indonesia: Lulu Group to invest $500m, Northcliff to inject $200m in realty

Photo by Cabinet Secretary

Indonesia has landed some big-ticket overseas investments in the real estate and retail sectors. United Arab Emirates-based hypermarket chain Lulu Group, has opened its first hypermarket in East Jakarta while Singapore-based investment company, Northcliff Capital has agreed to invest $200 million in the country.

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