SAN JUAN, Puerto Rico: Government officials say IKEA is opening its first Latin American store in the Dominican Republic next year.
A government news release says the discount furniture retailer will invest US$65 million (?42 million) in the outlet that is expected to open in early 2009.
Dominican President Leonel Fernandez said in a statement Tuesday that he began negotiations three years ago during a trip to Spain. The outlet will be built in the capital of Santo Domingo. Details about the size of the store were not available. A message left with IKEA officials was not immediately returned.
The Swedish-based retailer sells easy-assembly furniture and housewares.
J&T
A government news release says the discount furniture retailer will invest US$65 million (?42 million) in the outlet that is expected to open in early 2009.
Dominican President Leonel Fernandez said in a statement Tuesday that he began negotiations three years ago during a trip to Spain. The outlet will be built in the capital of Santo Domingo. Details about the size of the store were not available. A message left with IKEA officials was not immediately returned.
The Swedish-based retailer sells easy-assembly furniture and housewares.
J&T