Kicukiro Investment Group has announced to build a modern shopping mall worth Rwf 4.4bn by the beginning of next year.
A privately owned mall by ten Rwandan businessmen will begin constructed January next year and tends to be completed in one a period of one year.
It will host banks, insurances, modern bars, restaurants facilities, have modern parking and other modern facilities that will provide good services to the residents.
“It’s going to change the environment, it will bring growth in the area increasing tax at the District, create Jobs and bringing services nearer to the residents,” Paul Jules Ndamage the Mayor of Kicukiro District has said.
The mall is estimated to have the capacity to host an estimation of over 5000 traders and hundreds of jobs will be created according to business analysts.
According to Ndamage, the new shopping mall falls into the categories of the available ones like the popular Rujugiro building UTC, Kigali City Tower and the one built where the Nyarugenge market was located.
Ndamage says it also fits in the Kigali City master plan and that was a successful venture from the regular call for investors to develop the area.
Kicukiro Investment Group is made up of ten Rwandan potential businessmen dealing in different businesses including construction.
The mall will be built where the current market at Kicukiro center is located. The traders now working in the market will be allocated and integrated in the Ziniya and Kabeza market.
However they have fear that they will be charged high tariffs saying that some of them have cheap commodities with low capital commodities like greens, tomatoes and other commodities.
“No no no they will not be cheated, we shall have an understanding with the owners of the markets not to put high tarrifs,” Ndamage added.
ENDS
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