An investment and cooperation agreement for IKEA Centers and IKEA Store Project is signed in Changsha, central China's Hunan Province, on November 19, 2015. [Photo: rednet.cn]

IKEA has signed a new agreement worth some 625-million U.S. dollars to build a new outlet in central China.

The 300-thousand square meter IKEA is going to be built in the Yanghu Economic Zone in Hunan's capital, Changsha.

The massive facility is due to be finished by 2019.

IKEA hopes to attract over 20 million customers a year in Changsha.

The Swedish company expects the new store will create 5-thousand jobs.

IKEA currently has 18 stores in 15 Chinese cities.

It entered the Chinese market 6-years ago.