Lilongwe K75 Billion Business Park
Most of the capital cities in Africa act as a business hub. A major business milestone is to be realized soon in the capital city of Malawi. A business park worth K75 billion is to be set up at Lilongwe which will automatically give the city a better physical appearance.
The Lilongwe Business Park is a brainchild of the first ever Malawi Investment Forum (MFI) which was hosted by Malawi government in 2015; this is according to Malawi Investment and Trade Centre. The project which is said to be worth $100 million will have three phases and is to be completed in five years. President Arthur Peter Mutharika will preside the groundbreaking on November 22.
The project is located in area 46 along the by-pass comprising of 20 hectares of an integrated mall and hotel development. It’s being developed and promoted by China-Lilongwe Grand Holding Corporation Limited Company that was registered in 2015. This information is according to a press release signed by Malawi Investment and Trade Centre (MITC) public relation manager Deliby Chimbalu.
The park will comprise of shopping mall, high-class office building, Villas with supporting facilities such as five-star hotel and a Conference Centre. People dealing in commercial activities will, therefore, be in an ideal position of finding almost everything under one roof. The products that will be available include building materials, decoration materials, furniture, clothing boutiques, cars and auto parts sales, electrical appliances, banking facilities and also the park will have broad internet coverage this is according to the public relation manager Deliby Chimbalu. The list is endless.
As stated by Malawi Investment Trade Centre (MITC), the investment is intended to offer a wide range of employment opportunities for about 1500 jobs and 2000 indirect jobs for the local Malawi citizens. The project, therefore, will boost the economy of Malawi making it an ideal country for business to do well. Once all the required materials and layout of the business park is put in place, nothing will stop such a good idea from thriving hence placing making in a deferent map of economic growth as compared to other African countries.