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IKEA To Invest RM908 Mln To Set Up Regional Hub In M’sia

The Netherlands-based furniture retailer, IKEA is slated to invest RM 908 million to establish a regional distribution and supply chain centre for Asean in Malaysia.

According to Malaysian Investment Development Authority, MIDA, adopting the structure and technology of IKEA’s biggest regional distribution centre in Germany, would make it among the top 10 largest regional distribution centres of the IKEA group globally.

International Trade and Industry Minister, Datuk Seri Mustapa Mohamed said the project represented a significant milestone for both IKEA and Malaysia.

IKEA’s decision to select Malaysia as a base to support retailers in the country, apart from Singapore, Thailand, Indonesia, Vietnam, the Philippines and India, underscores the strategic fit in supporting the company’s overall growth strategy in the Asean region.

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