KEETMANSHOOP: President Hifikepunye Pohamba yesterday marked the commencement of construction of the Old Mutual Retail Centre in this southern town.
The N.dollars 92 million retail centre is expected to be completed and open for business by November 2013. It will be located next to the Canyon Hotel, and on completion will occupy 11 000 square metres.
The president urged all international companies operating in the country to emulate the good example of Old Mutual, and start investing in the country to ensure economic development. A total of 100 jobs will be created during the construction phase, while approximately 150 direct and indirect jobs will become available after construction.
Well-known retailers such as Foschini, Markhams, Shoprite, Legit, Edgars, Jet and Mr Price, as well as food outlets such as Hungry Lion and office space will form part of the centre with 222 parking spaces.