Central Spectrum (M) Sdn Bhd (CSSB) a member of Menteri Besar Incorporation (MBI) and IKEA Supply (Malaysia) Sdn Bhd yesterday signed an agreement to develop a significant portion of Pulau Indah Industrial Park, Selangor facilitated by Invest Selangor, the state government\u2019s investment promotion agency.\u00a0<\/p>\n
The new IKEA Regional Distribution Center with a total development value of close to RM 1 Billion will create nearly 500 job opportunities for the local community and attract probably the most recognised furniture brand globally to expand in Selangor.<\/p>\n
The signing of the agreement was witnessed by the Menteri Besar (Chief Minister of Selangor) Datuk Seri Mohamed Azmin Ali and attended by investors and business associates as well as state government agencies such as Invest Selangor in Basel, Switzerland.<\/p>\n
With the professional facilitation and coordination of Invest Selangor, IKEA and CSSB were able to accelerate the agreement and are now looking into the furniture brand\u2019s further expansion within Selangor.\u00a0<\/p>\n
Before considering Pulau Indah, IKEA had certainly identified a few other locations for their planned investment, which included Johor and Penang. The process took almost a year before they decided to locate their Asia Pacific Region distribution center in Pulau Indah due to its strategic location, the park\u2019s facilities and amenities as well as strong Selangor State Government support.<\/p>\n
Looking back at IKEA\u2019s history, Malaysia and in particular Selangor has always been a key market. The first IKEA Malaysia store opened in 1Utama Shopping Centre, before it moved to its own facility at Mutiara Damansara in 2003.\u00a0<\/p>\n
At that time, IKEA Malaysia at Mutiara Damansara was the largest IKEA Store in Asia. In line with this history and further expansion opportunities, CSSB has also offered additional areas for potential weekend stores, while the state government is mulling a plan to involve IKEA as a strategic partner for Selangor\u2019s affordable home programme.\u00a0<\/p>\n
The extensive opportunities and collaborations would further enhance the positive relations between IKEA and Selangor as well as strengthening the presence of the brand in the state.\u00a0<\/p>\n
The new IKEA Regional Distribution Centre, which will adopt the structure and technology of IKEA\u2019s biggest Regional Distribution Centre in Germany, will also be the 3rd largest Regional Distribution Centre of IKEA group globally. Since this will involve substantial applications of ICT systems and technology integration, the centre also symbolises Selangor\u2019s recent move to adopt Industry 4.0 to transform the state\u2019s economy.<\/p>\n
Providing excellent connectivity was one of the key factors for IKEA\u2019s decision. With Westport literally next door and Malaysia\u2019s Kuala Lumpur International Airport (KLIA) merely 45 minutes away, IKEA\u2019s new distribution centre will reach out and supply markets such as Singapore, Thailand, Indonesia, Vietnam, Philippines and India.\u00a0<\/p>\n
Having Selangor\u2019s aspiration of being the Gateway to ASEAN and positioning the state as a global trading hub in mind, IKEA\u2019s project can be seen as a milestone achievement for the state government and Invest Selangor.<\/p>\n
\u00a0\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"
Central Spectrum (M) Sdn Bhd (CSSB) a member of Menteri Besar Incorporation (MBI) and IKEA Supply (Malaysia) Sdn Bhd yesterday signed an agreement to develop a significant portion of Pulau Indah Industrial Park, Selangor facilitated by Invest Selangor, the state government\u2019s investment promotion agency.\u00a0 The new IKEA Regional Distribution Center with a total development value […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[34],"tags":[],"class_list":["post-966","post","type-post","status-publish","format-standard","hentry","category-general"],"_links":{"self":[{"href":"https:\/\/malaysian-business.com\/portal\/wp-json\/wp\/v2\/posts\/966","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/malaysian-business.com\/portal\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/malaysian-business.com\/portal\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/malaysian-business.com\/portal\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/malaysian-business.com\/portal\/wp-json\/wp\/v2\/comments?post=966"}],"version-history":[{"count":1,"href":"https:\/\/malaysian-business.com\/portal\/wp-json\/wp\/v2\/posts\/966\/revisions"}],"predecessor-version":[{"id":5304,"href":"https:\/\/malaysian-business.com\/portal\/wp-json\/wp\/v2\/posts\/966\/revisions\/5304"}],"wp:attachment":[{"href":"https:\/\/malaysian-business.com\/portal\/wp-json\/wp\/v2\/media?parent=966"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/malaysian-business.com\/portal\/wp-json\/wp\/v2\/categories?post=966"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/malaysian-business.com\/portal\/wp-json\/wp\/v2\/tags?post=966"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}