"I am certain that together with other catalyst projects in Batu Kawan, IKEA will provide a great boost to Penang's economy. IKEA is like a magnet to Batu Kawan. The store will not only attract millions of shoppers, but it will bring hundreds of new jobs, create spin-off business for suppliers, draw in tourists and new investors," he said.
Finance Minister Lim Guan Eng said the store was the result of a RM650 million investment made by IKEA. "The large investment highlights the level of confidence a well-renowned global company has in Malaysia. This will contribute positively to the regional economy," he said in his speech at the grand opening ceremony this morning.
Lim said the development was an example of 4P partnership, a collaboration between the public, private, people and professionals. "It is my hope that our success in Batu Kawan could be replicated elsewhere in the country so that we can raise the quality and the quantum of our economic growth that can be enjoyed by all Malaysians. I am happy to learn that this IKEA store has been built with sustainability in mind, which proves that sustainability can contribute positively to making a profitable business decision."
"With nearly a million households residing just within an hour drive from the store, the opening of IKEA Batu Kawan will open up new avenue for private consumption, and more importantly, by creating more than 300 new jobs especially in retailing and logistics for Penangites as well as for Kedahans," he added, noting that IKEA Batu Kawan has a special place in his heart.