28 Aug 2013 09:40
ONGWEDIVA, 28 AUG (NAMPA) - The Oshana Region has grown and possesses the capacity to satisfy the demands for large infrastructural development projects, President Hifikepunye Pohamba said on Wednesday.
Speaking at the official opening of the multimillion-dollar Oshana Regional Mall, Pohamba said the complex will provide much-needed services for residents and villagers who travel long distances for shopping and to access facilities such as banks.
The Oshana Regional Mall and other major infrastructural development projects in this region reflect our local investors confidence in the economy, he stated.
The multimillion-dollar mall is owned by northern business icon Ben Zaaruka.
It is the fourth mall to be constructed at Ongwediva, following the opening of the Indongo Mall, Marula Mall and David Shokomba Mall, which opened their doors here earlier.
Pohamba said this mall is one of the biggest and most modern shopping malls in Namibia.
After the completion of its third phase, the shopping mall will offer shopping until late in a relaxed and air-conditioned environment.
During the construction phase, the mall created 350 direct jobs and 600 indirect jobs.
It is expected that it will now create 1 500 permanent employment opportunities.
This, Pohamba said, will in turn enhance contributions by the retail sector to the States revenue fund through the payment of rates and taxes.
This investment thus creates a win-win situation.
The bulk of the material used in the construction of the mall was sourced from local suppliers in the Oshana region.
The president stated that investments of this magnitude in Namibia demonstrate the foresightedness of the investors who, whilst proving their commitment to bringing development to the people in the regions, also reduce the effects of urban migration to major cities and towns.
The Oshana Regional Mall is situated opposite the Ongwediva Trade Fair Centre.