Jakarta, Feb. 12 -- Indonesia's Coordinating Minister for Economic Affairs, Airlangga Hartarto, announced that Lulu Group International (LGI) plans to expand its investment in Indonesia.

"The government welcomes LGI's investment expansion plan, particularly in the construction of a meat processing factory in Indonesia," he said during a meeting with the company's chairman and managing director, Yusuff Ali Musaliam Veettil Abdul Kader, in Dubai on Wednesday.

Founded in 2000 and headquartered in Abu Dhabi, LGI has become one of the main contributors to the Gulf's economy, with a turnover of US$8 billion.

The multinational company's business spans the globe through a network of subsidiaries engaged in the retail, manufacturing, trading, a...