Philippine-based hard discount store DALI bags $15m ADB investment

DALI is the first hard discount retail firm in the Philippines. 

Philippine-based hard discount store DALI has secured a $15m equity investment from the Asian Development Bank (ADB). 

The investment will fund the expansion of DALI’s store network, distribution centres, and cold chain infrastructure. It is expected to create at least 4,300 new jobs.

“Almost half of the households in the Philippines are moderately or severely food insecure, and rising inflation is making it more expensive for them to purchase essential household products,” ADB Director General for Private Sector Operations Suzanne Gaboury said. 

“ADB’s support for DALI’s expansion will contribute to food security and food safety by ensuring essential products are available to consumers at affordable prices, in a hygienic environment, and by integrating local agricultural suppliers into the company’s supply chains.”

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The project will also finance off-grid rooftop solar panels for 200 stores and 5 distribution centers including green building certification for sample buildings and reducing at least 3,000 tons of carbon dioxide emissions by 2026.

DALI operates the DALI Everyday Grocery chain of hard discount stores in the Philippines. By the end of 2022, DALI had more than 250 retail stores and three distribution centers in the south of Metro Manila.