Abu Dhabi-based Lulu International Group is set to open hypermarkets in Malaysia under a collaboration with the country's Federal Land Development Authority (FELDA), Arabian Business reported.

Tan Sri Muhyiddin Yassin, Malaysia's deputy Prime Minister, said under the joint venture, Lulu Group would open its first hypermarket in Kuala Lumpur this year before unveiling another five at different locations in the next few years.

He said the group had agreed to invest $200 million on its hypermarkets in Malaysia.

"They will also help market more Malaysian products at their hypermarkets, including those produced by our small-and medium-sized industries and FELDA," he said in comments published by the official Malaysian news agency.