Business

Grand Business Park takes shape

By Emmanuel Simpokolwe:

Trade, Industry and Tourism Minister, Salim Bagus said he is impressed with progress of construction of the international Grand Business Park in Lilongwe.

The minister was speaking when he toured the construction site in Area 46.

Bagus said, once completed, the business park would be composed of a shopping complex, shopping mall, a high class office building, villas with supporting facilities such as a five-star hotel and a conference centre.

He said the investment would have a huge impact on Malawi economy and will change the face of the capital.

“The project is on time and despite difficulties they had, they are trying their best to finish on time,” Bagus said.

According to Malawi Investment and Trade Centre (MITC) Chief Executive Officer Clement Kumbemba, the construction, which started in 2017, is a result of the 2015 Malawi Investment Forum (MIF) which the government hosted.

He said the project is being promoted by China Lilongwe Grand Holding Corporation Limited Company, which was registered in Malawi in August 2015.

“People dealing in commercial activities will find everything under one roof including building materials, decoration materials, furniture, clothing boutiques, electrical appliances, banking facilities, among others,” he said.

The whole investment, which is estimated to cost $100 million will directly create 1,500 jobs and 2,000 indirect jobs for local people.

The project will also ensure that Malawians occupy senior positions as about 150 of them will be middle and senior managers.

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