Source Pravda.Ru

IKEA to invest $100m in developing business in Urals

IKEA (Sweden) is ready to invest $100 million in the development of its business if the Urals region of Russia, Head of the IKEA-Russia Group of Companies Lennart Dalgren said during the meeting with International Relations Minister of the Sverdlovsk region of Russia Yury Osintsev. The negotiations between them took place in line with IKEA managers' visit to Yekaterinburg. The company is interested in expanding its storage areas in the regions of Russia, especially the Urals region, the company's representative said.

The company is currently considering its participation in the transport and logistics project in the Sverdlovsk region as one of the most perspective. Another perspective project of the company is the creation of the retail centers similar to the ones already existing in Moscow and St. Petersburg. The International Relations Minister of the Sverdlovsk region pointed out at the meeting that the government of the Sverdlovsk region supported the company's plans related to the expansion of IKEA's presence in the Middle Urals of Russia and was ready to contribute to that. The company's representative pointed out at the meeting that the total volume of investments that IKEA was planning to make in Russia over the next five years was estimated at more than $500 million.

© &to=http://www.ikea.com/' target=_blank>IKEA

Comments
Russia to rebuild its former Soviet naval base in Syria's Tartus
Donbass without militia will be worse than Srebrenica - Putin
Putin to Sobchak: We will never let them turn Russia into another Ukraine
Should Russian athletes go to non-Olympic Games in South Korea?
Should Russian athletes go to non-Olympic Games in South Korea?
Putin: Russia will continue spending enough on defence not to be killed
Putin: Russia will continue spending enough on defence not to be killed
Russia to rebuild its former Soviet naval base in Syria's Tartus
Russia not pulling out from any international agreements, Putin says
Capitalism reduced Indonesian cities to infested carcases
ISIS threatens to conduct large-scale terrorist attacks in USA for Jerusalem decision
Kim Jong-un's tactic of hard power teaches USA lesson of obedience
Kim Jong-un's tactic of hard power teaches USA lesson of obedience
USA looking for reason to see nuclear weapons in action
Tel Aviv, Jerusalem, capitals and puppets
Capitalism reduced Indonesian cities to infested carcases
North Korea declares victory over USA
Capitalism reduced Indonesian cities to infested carcases
Tel Aviv, Jerusalem, capitals and puppets
Tel Aviv, Jerusalem, capitals and puppets
US-led coalition killed more than 9,000 people in Syria since 2014