IKEA to invest $289m to build regional supply centre in Malaysia

KUALA LUMPUR – Netherlands-headquartered furniture retailer IKEA will invest 908 million ringgit (S$289 million) to set up one of its largest regional distribution and supply chain centres in Malaysia, the Southeast Asian country said.

The supply chain centre will manage an inventory worth 6.6 billion ringgit annually, catering to IKEA’s growth in the ASEAN region, the Malaysian Investment Development Authority (MIDA) said in a statement on Tuesday.

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