Al Hamidi Limited General Trading and Contracting Company

IKEA to enter Morocco by 2015

The world’s pioneer furniture company IKEA has recently announced the launch of its first store in Morocco’s Zenata by the end of 2015, reported Morocco World News. The Swedish Company has invested EUR 40 million to build its second store in Africa; IKEA’s first store is located in Egypt. The store, which will be built on a land space of 26,600 square meters, will provide around 1,400 vacancies, including 400 direct positions. Kuwait’s Al-Homaizi Group will operate the IKEA store in Morocco. Noteworthy, the Group had operated the stores in Kuwait and Jordan. According to Morocco World News, IKEA will “provide a wide variety of global products most will enter Morocco for the first time.”

Morocco · 1 Dec 2012

IKEA-Kuwait invests in new USD-55-mln store in Jordan

AMMAN, June 5 (KUNA) -- The Kuwaiti company Al-Humaidhi Group celebrated here on Tuesday -- with a Jordanian firm -- laying down the foundation for the opening of another outlet of the Group's IKEA retail stores, at a cost of USD 55 million. The Group's chairman Saleh Al-Humaidhi and his counterpart at the Jordanian Union Company for Land Development Mirza Bulad signed the agreement for building the new IKEA Swedish giant furniture store. Among those attending today's foundation-laying ceremony were representative of the Jordanian prime minister and minister of public works Yahya Al-Kesbi, Kuwaiti ambassador to Jordan Hamad Al-Duaij and a number of Jordanian ministers and high-ranking officials. Al-Kesbi deemed the furniture store project an investment in the Jordanian labor market, as it will create at least 460 jobs. The new store, Saleh Al-Humaidhi, the Group's Chairman said, is part of his company's expansion plan in the region and is a clear testimony to Jordan's investment-friendly environment. IKEA is among the world's largest home furnishing retailers with stores in 41 countries, including Kuwait. (end) ab.ajs KUNA 051816 Jun 12NNNN

Jordan · 4 Jun 2012