Jonathan to flag-off construction of N150bn Abuja World Trade Centre

By Oscarline Onwuemenyi

ABUJA – The Minister of Federal Capital Territory Administration, Sen. Bala Mohammed has unveiled plans by the administration to make the World Trade Centre Abuja, one of the best real estate landmarks in the world.

He told journalists at an inspection visit to the site of the project on Constitution Avenue, Central Business District, Abuja, that President Goodluck Jonathan will soon flag-off the construction of the over $1 billion (N150 billion) World Trade Centre Abuja.

The project to be constructed on 6.103 hectares of land in the Central Business Area is strategically positioned at the heart of the city on Constitution Avenue, leading directly into the city from the Nnamdi Azikiwe International Airport, and adjacent to the main Railway station as well as the Central Business Terminal in Abuja.

The Minister explained that the project, which was reviewed from its original 12 floors to 37 floors, would be executed in four phases. The first phase comprising a 22-floor Commercial Tower, a 22-floor

Serviced Apartment Tower and a 300,000-40 sq. meter Retail Mail is billed for completion in June 2013.
According to Mohammed, “The building site for the proposed World Trade Centre Abuja is set to emerge as the premier address for residential, commercial, and office space in Nigeria.

“The Centre’s master-plan provides for areas of public gatherings, services and amenities unlike anything Nigeria has ever experienced, and will rank amongst the landmark destinations of the world.

The Minister explained that the World Trade Centre would raise the international profile of the FCT through trade missions, seminars, international business certification programme, and courses on local and global business issues.
“A WTC creates a gateway to the world by providing collectively the tools and insights to fostering international trade through shared experience. Suffice it to say that the brand name alone would greatly increase the number of global business visitors to the Federal Capital Territory,” he stated.

Group Managing Director, Churchgate Group, Mr. Vinay Mahtani, said the vision of his company is to “provide Abuja with a destination where people can live, work and play; on the one hand a destination that caters for both the international and Nigerian blue-chip companies as well as the emerging small and medium sized enterprises.”

Mahtani pointed out that the development will compete amongst the topmost developments around the globe – both in terms of scale and quality, adding that Abuja, being the capital of Nigeria and a frontline capital city in Africa has been in need of such a landmark project.
According to him, “The project, in its entirety, will consist of the 40,000 sq. meter Capital Mall that will house an array of shops, boutiques, and restaurants as well as recreational facilities such as a cinema and bowling alley.

“Other components will include luxury offices, serviced apartments, a hotel and leisure center and convention facility.”
He added that a ring road is to be constructed around the site, giving it unrivalled access. “And with the local and national railway under construction just a stone’s throw away, the World Trade Centre Abuja will become a major hub within the Federal Capital Territory.”
He added, “The project will be built expeditiously by the Churchgate Construction Company, which has already provided employment to over 600 inhabitants of Abuja and the satellite towns, and this number will rise to over 1500 as the development progresses.”

The World Trade Centre Abuja is a Public-Private Partnership between First Continental Properties Limited, a subsidiary of Churchgate Investments Limited, and the Abuja Investments Company Limited, a parastatal of the Federal Capital Territory Administration, FCTA.

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