250 new jobs for Canberra as IKEA opens

The eagerly anticipated opening of furniture retailer IKEA will see a big boost to the ACT's economy - with 250 new jobs created and an increase in interstate visitors to the capital.

The store’s opening day attracted over 12,000 Canberrans and interstate travellers, with more expected over the coming days.

The decision from IKEA to open in the nation’s capital is a clear vote of confidence in our city and the wider region, and it will certainly encourage those from the areas around us to come here to shop. IKEA follows in the footsteps of other multinational corporations such as Costco and Qantas in establishing a presence in Canberra – illustrating that the ACT is an attractive market globally.

The opening of IKEA is another example of the fundamental strength of our economy and provides confidence to other investors, despite the uncertainty in the national economic arena. The store will act as a magnet to draw other national and international investors of a similar scale into the Territory, providing additional employment opportunities for Canberra residents.

The ACT Government and IKEA have worked together over the last three years to enable the opening of an IKEA store in Canberra. IKEA Canberra has built the store using local knowledge and a Canberra based project management team, engaging local and regional companies for their expertise. As a result, many local industries have benefited during the construction phase of the development.

The arrival of the IKEA store will bring Canberra shoppers greater choice in products and more competitive pricing- enhancing our shopping experience and spending power.