[size=15pt]$1bn Abuja World Trade Centre[/size]

Bala Mohammed, minister of the Federal Capital Territory (FCT), Thursday disclosed that arrangements have been concluded for the ground breaking of the $1 billion Abuja World Trade Centre (AWTC).

President Goodluck Jonathan is to perform the groundbreaking ceremony at the 37-storey Abuja World Trade Centre located on 6.102 hectares of land along Constitution Road, Central Business District, Abuja in September, 2011.

Mohammed disclosed that the investor, First Intercontinental Limited, a subsidiary of Churchgate Investments Limited, has obtained a WTC licence from the United States World Trade Centre to replicate the project in Nigeria.

The minister added that the administration has already attracted $2.6 billion direct foreign investment from a US company, Balkan Group, for the development of Down Town project and infrastructure.

According to him, World Trade Centre, a non-profit and non-political association, was established to promote and facilitate world trade and provides a platform to the world by connecting nearly 300 cities and 85 countries through a powerful array of information and services, adding that over 750,000 companies are affiliated with World Trade Centre Association (WTCA).

The Minister noted that the project, on completion, “will no doubt launch Nigeria into the global economic arena and indeed the African sub-region,” saying that the mega-multi-use complex consists of high-rise residential and service apartment towers, office towers as well as centre iconic tower, conference facilities, retail shopping mall with food and beverage as well as entertainment facilities.

The N152 billion project is jointly owned by the FCT administration and First Intercontinental Properties Limited, a subsidiary of Church Gate Group under the Public Private Partnership (PPP).

Source: http://www.businessdayonline.com/NG/index.php/news/76-hot-topic/24655-jonathan-to-commission-1bn-abuja-world-trade-centre-

more reason to attract another 9/11 fiasco. make them dey build, while boko haram dey ready to bomb.

LoveKing:

more reason to attract another 9/11 fiasco. make them dey build, while boko haram dey ready to bomb.

. . . And where will dey get electricity to power the building?. . . Mikano?. . .jona-dully-dully

Hehe. Boom times in the Abuja property market, from stuff I heard even prior to this.