Tuesday, 20 June 2017

Countdown as Onitsha drugs market closure attracts investors

Image result for pictures of Onitsha drug market

From Chuks Collins, Awka
June 20,2017

As the July countdown begins, and more businesses open shops daily at the now bubbling Anambra State International Market, Oba in Idemili South Council of the state, top flight finance and mortgage institutions have continued to book their places and spaces for a pronounced presence and development at the popular international business stage.
The latest arrival, the Aso Savings and Loans Plc, a foremost mortgage and financial services provider has secured its request for a ten hectares space for the development of shopping malls, service apartments, clinics, office complexes, hotels, and other ancillary structures and services to compliment such a unique market project.

This development was disclosed by Engr Leo Okere, a spokesman for the Principal Developers-Bukham Ltd, while on a scheduled inspection tour of the market site with representatives of the Shoprite Group, Amusement Park operators and other interested developers who came to see things for themselves with a view to building in the market.

The spokesman stated that negotiations between Bukham Ltd, Aso Savings and Loans Plc, and select other local and international institutions have reached advanced stage.

He disclosed that because of the limited spaces still available, the screening has become more stringent so as to bring in the best global brands.

He expressed "deep appreciation with the level of interest of the federal government in the market particularly through the Association of Medical and Pharmaceutical Products Dealers, Onitsha drugs market and the the Aluminum/Glass traders' association who have already commenced activities alongside others lines of businesses at the international market site.

Okere was very optimistic that within the next ninety days the whole market areas would begin to bubble with commercial activities almost on a round-the-clock basis.

He therefore urged both the small and big time investors to take up shops and spaces now to avoid the usual last minute rush.

Already the site clearing has commenced under the supervision of the Managing Director of Bukham-Micpan Ltd, Engr Michael Egbule who has assured them that clearing will take no time while the actual construction would commence in the next few days.

About 480 shops that were 60% complete before now would also be delivered within weeks as finishing touches have commenced on them. 



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