IKEA to build new furniture market in Poland

Swedish IKEA is to invest some 260 million zlotys (84.4 million U.S. dollars) to build a new furniture store and a commercial park in Lodz in central Poland the PAP news agency reported on Monday.

The investment is to be ready at the end of September 2008. The commercial park is to employ some 1,200 persons. Additional 2,000 people will find jobs in companies cooperating with IKEA.

Wojciech Dzwonkowski, investment director of IKEA Center Poland said Monday that the new store is to have 28 thousand square meters.

The Łódź project will be IKEA's eighth furniture store in Poland. Up to 2004 the Swedish concern has invested 2.5 billion zlotys in Poland.

Source: Xinhua