Ikea to set up regional distribution and supply chain centre in M’sia

Mustapa: "We are aware that congressional leaders appear not too keen to bring the bill forward during the lame duck session. The fate of the TPPA will therefore depend on whether the new US Presidency will ratify the agreement.

KUALA LUMPUR: Ikea, the Netherlands-based furniture retailer, will be setting up a regional distribution and supply chain centre for Asean in Malaysia, with an investment of RM908mil.

In adopting the structure and technology of Ikea’s biggest regional distribution centre in Germany, it would be among the top 10 largest regional distribution centres of the Ikea Group globally, the Malaysian Investment Development Authority (Mida) said in a statement on Tuesday.