The first IKEA store in the northern region will open in Penang on Jan 1, 2019, says Lim Guan Eng.

The Chief Minister said the store would help to put Penang at a high-level position.

“It is not easy to attract Ikano and we worked very hard,” Lim said in his speech before launching the press conference to announce the coming Penang Medical Expo and Malaysian Healthcare Policy Conference (PMEX 2017) at Setia SPICE Convention Centre Friday.

Ikano Pte Ltd, the owner of the IKEA franchise holder in Singapore, Malaysia and Thailand, has teamed up with Aspen Group in September 2014 to purchase 99ha of land from Penang Development Corp to develop the Aspen Vision City (AVC), where the IKEA store would be located.

About IKEA Penang

First announced in early 2014, IKEA Penang will be the forth IKEA store in Malaysia and the second one outside of Klang Valley after Johor Bahru. Ikano had teamed up with Aspen Group in September 2014 to purchase 245 acres of land in Batu Kawan from Penang Development Corp to develop the Aspen Vision City (AVC), where the IKEA store would be located.

The IKEA store will bring affordable range of functional home furnishings to the northern region, along with hundreds of job and economic spin-off opportunities for the local community. The construction of the new IKEA store has now started and scheduled to be completed by Q1 2019.

Source: TheStar.com.my