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Rabat – Moroccan authorities have decided this Monday to block Swedish furniture giant Ikea’s project from opening five stores in Morocco.
An exclusive report by Le360 said this decision was made following an urgent meeting, held this Monday at the head of government’s office, in response to Stockholm’s project of the so-called Sahrawi Republic (SADR).
The leaders of eight national parties from the majority and the opposition attended the meeting, which was chaired by the Head of Government.
The Swedish retail giant entered the Moroccan market via SYH Morocco, a subsidiary of the Kuwaiti Al Homaizi Group, which has franchise rights for IKEA and already represents the brand in Kuwait and Jordan.
The company planned to open five stores across the Morocco. Ikea’s first store in the country was expected to open by the end in 2015 in the new city of Zenata between Casablanca and the capital Rabat.
A previous report by the Moroccan weekly magazine TelQuel said that Ikea Morocco had already hired its staff.
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