Nigeria: Tourism - FCTA Gets N180 Billion Investment for Lakefront
 |
 |
|||||||||
|
||||||||||
|
|
|||||||||
|
||||||||||
This Day (Lagos)
7 August 2008
Posted to the web 7 August 2008
Damilola Oyedele
Abuja
Federal Capital territory (FCT) has disclosed that it has been able to secure a South African Investor to build the Jabi Lakefront worth $1.5 billion, to boost the tourism potentials of the Territory.
FCT Minister, Dr Aliyu Modibbo Umar, said this at a meeting with a delegation from Old Mutual Investment Group, Duval Properties Limited and Louis Karol Architects in Abuja, yesterday, and promised to accelerate all approvals needed to make the project a success story.
Umar said the South African investors told him that the consortium already has 75 per cent of the $1.5 billion and construction would commence December this year and expected to be completed by 2010.
He directed FCT Development Control Department to give preliminary approval to their building plans, to encourage international investors, noting that the FCT Administration is more than ever determined to woo investors to the Territory, to ensure that the city is better placed to face challenges.
Speaking earlier, Leader of the delegation and one of the Directors of Duval Properties Limited, Alhaji Bello Garba , said Jabi Dam would be dredged to facilitate more tourists' visits to Abuja.
Relevant Links
He disclosed that the integrated mixed development would comprise of a hybrid, luxurious buildings that would accommodate first class office complexes, a 400-room modern five star hotel, in addition to a modern three star hotel, to cater for the working class and a state of the art 1,000 shopping mall, international food court, convention centre and luxurious recreational water front area.
Read comments. Write your own.
|
AllAfrica aggregates and indexes content from over 125 African news organizations, plus more than 200 other sources, who are responsible for their own reporting and views. Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica. | |||||||||||||||||||||||||||||
| |||||||||||||||||||||||||||||
|
| |||||||||||||||||||||||||||||
|
Copyright © 2008 This Day. All rights reserved. Distributed by AllAfrica Global Media (allAfrica.com). To contact the copyright holder directly for corrections -- or for permission to republish or make other authorized use of this material, click here.
| |||||||||||||||||||||||||||||
|
| |||||||||||||||||||||||||||||
|
Make allAfrica.com your home page
|
RSS Feed
Sign up for FREE daily 'top headlines' by email >> | |||||||||||||||||||||||||||||
|
| |||||||||||||||||||||||||||||
| Top | Site Guide | Who We Are | Advertising | Search | My Account | |||||||||||||||||||||||||||||
|
| |||||||||||||||||||||||||||||
| Questions or Comments? Contact us. Read our Privacy Statement. | |||||||||||||||||||||||||||||
|
| |||||||||||||||||||||||||||||
