Ingka had announced in 2018 that it was building its first store in the Philippines. The project is located in SM Mall of Asia and costs about peso 7 billion, covering 65,000 square meters. It’s larger than 150 basketball courts and nearly doubles the size of existing IKEA standard stores, ranking as the largest store in the world.
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SM Mall of Asia is part of the gaming district of Manila, the capital of Philippine, where the integrated casino resorts, each valuing about $1 billion and is an economically active area. Recently, the project has officially announced the completion of the ceiling.