Nigeria's World Trade Center Abuja Poised To Send Its Economy Sky High - CNN

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The new WTC Abuja will open in the business district of Nigeria'a capital city early next year.


The construction of a new World Trade Center is nearing completion in Nigeria' capital city, AbujaThe complex will offer business, residential and commercial spaces and will be the first of its kind in West Africa.


(CNN)Nigeria's capital city of Abuja is about to get a new heart: a brand new World Trade Center complex
.The development is expected to open to the public early next year after the completion of the first phase of construction. It will join a network of 323 locations in 89 countries, started in 1970 with the inauguration of the first World Trade Center in New York City.

Funded by local and foreign financial institutions, as well as private investors, to the tune of 200 billion Nigerian Naira, or just over $1 billion, the WTC Abuja will be the largest mixed-use development in West Africa.


Construction started in 2010, and 2016 will see the completion of the first phase, which comprises residential and commercial spaces.

The complex, according to its creators, draws inspiration from similar developments in modern cities such as Tokyo, New York, Berlin, Stockholm and Paris, characterized by a good transportation network, infrastructure with modern amenities, quality housing including high rise and skyscraper buildings, and a high-tech lifestyle.

"We are satisfied with the response from both Nigerians living locally and from those in the diaspora. Many of them share our dream of building world-class infrastructure in Nigeria and they have shown their confidence in us through the investments they have made in the project," he added.

"Sales have been positive thus far and as the project approaches its completion, we are confident that we will have more people come on board," continued Mahtani.
The residential spaces will offer luxury 1-6 bedroom apartments with panoramic views.

The total built up area of the entire project is roughly six million square feet.

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