FCTA, Churchgate Plan 50-Storey Shopping Mall
10 April 2008
Posted to the web 10 April 2008
By Golu Timothy
FCT administration has concluded plans to partner with Churchgate Group of companies to construct one of Africa’s biggest shopping malls in Abuja.
Modibbo said this in his office while receiving the management staff of the Churchgate Group of companies led by its chairman, Mr. Bhagwan Mahtani.
The minister said that the multi-billion-naira 50-storey shopping mall, with twin towers, would be located at the Constitution Avenue, beside the proposed Abuja Transportation Centre in the Central Business District of the Federal Capital Territory.
His words, “Abuja, the Federal Capital Territory has comparative advantage for having prime location as the capital of the most populous country in Africa, therefore any investment in this regard will surely get investment recouped immediately”.
Umar reiterated that this was part of the innovation of the FCT administration, in addition to the planned multi-billion naira Abuja Boulevard project, to make Abuja the world’s tourist and conference delight.
While calling on the Organised Private Sector, especially foreign investors, to take advantage of the conducive business climate in the Territory to invest in Abuja, the minister remarked that Nigeria can not be undermined as the greatest economy in Africa.
He noted that the enormous investment opportunities available in the Federal Capital Territory to genuine foreign investors who are interested in doing business in Nigeria.
The minister assured the company of his administration’s continued support and cooperation.
According to him, “project like this would go a long way in providing employment opportunities for the ever increasing number of people that come in the Federal Capital Territory on daily basis”.
He directed the managing director of the Abuja Investment and Property Company, Dr. Abdul Muktar, to in conjunction with the FCT Counsel-General and Secretary of Legal Services Secretariat, Barrister Muhammad Ma’aji Alkali, draft relevant laws that would give teeth to all the decisions reached at the meeting.
Speaking earlier, Mr. Bhagwan Mahtani assured the FCT administration of the readiness of his company to construct the planned gigantic building that would capture contemporary culture similar to that of Beirut, the Lebanese capital, where such bazaar was constructed by the company.
He disclosed that the proposed shopping mall would have shopping, entertainment, recreation, auditorium and cultural centres that would give Abuja an edge over other capital cities around the world.
The chairman said that the shopping mall would have cultural and structural foci that would make it the tallest building in Africa, along with its economic and social attributes.