IKEA in Algarve
Ikea group signs contract with Loulé Camara/council
IKEA and the Municipality of Loulé signed a cooperation agreement on December 2 that will allow the building of an IKEA store, a shopping centre and a retail park at Caliços, near the junction of Loulé –Sul and the A22 – Via do Infante (Motorway).
This project will see an investment of 200 million Euros and will create 3.000 jobs in the region. A spokesman from IKEA told the Algarve Resident: “ This will be a positive investment for social and economic development for the Algarve. The opening of IKEA store as well as a shopping centre and a retail park built in the same commercial area will be a unique project for the Algarve. ..”
By The Algarve Resident newspaper edition December 31.2010