The store itself is to open in fall.
As reported, the store in Stopiņi, around eight kilometers east of downtown Riga, will have commercial space of 34,000 square meters. The store will create around 300 new jobs.
The building required about €60 million investment, which might grow to €100 million in the future, it was said as the news over the planned store first broke out.
The city of Rīga provided about €0.5 million for transport infrastructure upgrades to ensure a smooth connection with the new store.
The first IKEA store in Baltic states was opened in 2013, near Vilnius airport in Lithuania. In terms of size the store in Riga will be larger than IKEA Vilnius by about a third, and will offer a wider range of merchandise.
The company also plans to establish several merchandise pick-up points outside Riga, where customers will be able to collect their purchases from IKEA.