24 Apr 2014 11:10am
WINDHOEK, 24 APR (NAMPA) President Hifikepunye Pohamba officially opened the expanded Maerua shopping mall here on Wednesday evening.
Phase Three of the mall was completed earlier this year, with 2 230 parking bays and 148 shops at a total cost of N.dollars 360 million, making it one of the biggest shopping centres in Namibia.
In his keynote address, Pohamba said this development contributed N.dollars 17 million towards the upgrading of roads in Windhoek and provided 600 jobs during the construction phase, while 150 permanent jobs were also created after the construction.
As Government, we acknowledge the vital contribution which is being made by the private sector to the growth of our country.
As such, we remain committed to the promotion of cooperation between the Government and the private sector as partners in the social and economic development of our country, he said.
Pohamba noted that the construction work was completed without any accidents involving the workers or the general public, and commended the contractors for ensuring safety at all times during this period since Phase Three started in 2012.
Government will furthermore continue to modernise its laws and regulatory frameworks to ensure that they are effective in facilitating private investments and the operations of business in the country, and will also create a conducive environment in order to make Namibia the most attractive investment destination in Africa, he added.
We are putting in place the necessary infrastructure, which will serve as the backbone for all economic activities, including the construction of public infrastructure such as roads, railways, telecommunication and electricity, the Head of State said.
In 2006, Phase Two of the Maerua Mall expansion project consisted of 650 parking bays and 64 additional shops at a cost of N.dollars 183 million.
The shopping complex is owned and managed by Oryx Properties Limited (Ltd).