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October 26, 2016 / 24 Tishri, 5777
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IKEA to Open Third Store in Israel in March

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IKEA will open its third store in Israel on March 11, when it opens the doors to its Kiryat Ata branch near Haifa. The company paid $110 million to build the store, which will have 51 showrooms and three houses with designed rooms.

“IKEA’s entry to the north is the implementation of another step in IKEA’s vision,” said IKEA Israel CEO Shuky Koblenz. “During the store’s construction, we saw rapid development in the Ata Junction commercial district, and the store is already a cornerstone for developers and businesspeople in the north.

“As we saw in Netanya and Rishon LeTzion, we believe that the new store will be a center of attraction for residents of the metropolitan area, will create opportunities for commercial and entertainment development, and jobs, and will even improve the quality of commerce in the area.”

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  1. Jonathan Weber says:

    $110? For that price I would build ten stores! Not bad, around 7 ₪ a showroom. 🙂

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