Nigeria will soon complete the first phase of construction for it new World Trade Center complex in Abuja, and it will open next year.
The World Trade Center Abuja comprises residential and commercial towers and will have businesses of various sizes, with offices ranging from 100 to 1,440 square meters. It designed to to change the way the elite experience luxury living, the residences offer a range of premium features, including private underground parking and on-demand VIP concierge services.
Adekunle Salau, Ernst & Young Advisory Leader for West Africa, told CNN that it has attracted the largest amount of foreign investment capital in sub-Saharan Africa since 2007, is set to gain international prestige from the development: “There is no doubt that Abuja and Lagos will benefit tremendously from high end commercial and residential real estates.”
“My expectation is that if this is executed to plan, Abuja will be able to host world class conferences and compete favorably with Johannesburg and Cape town for international events.
“It may also moderate the cost of hotels and rents in Abuja, but more importantly it should add significantly to the economic development of the capital, creating employment in the service and retail sectors.
“The downside is that it can also be artificially priced,thereby continuing heat up the already high cost of Abuja properties and secondly, the amenities may not be developed to the quality expected from the WTA brand,” said Salau.