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NNA - Statement by Presidency of the International Conference on Assistance and Support to Beirut and the Lebanese People
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وجاء في التقرير: (مراجعة الصورة البيانية)
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Lusa - Business News - Angola: Largest shopping centre invests $200M, reorganises commercial space




Luanda,July 31,2020(Lusa)-Several traders have closed stores in the Cidade de China shopping centre due to the economic impact of Covid-19, but another 30 are expected to settle soon in Luanda's commercial complex, where $200 million has been invested, according to the Chinese businessman, Jack Huang.

In an interview with Lusa, Jack Huang, who leads a group of private businesses in several African countries, admitted that the pandemic has brought crashes, yet to be accounted for, and spoke about the ongoing reorganisation at a time when the mega-centre is expanding into the third phase.

Jack Huang, who has investments in countries like South Africa, Namibia, and Botswana, decided to invest in Angola because there was no Cidade de China there.

The Cidade de China's turnover comes from tenants' leases and the Covid-19, with the slowdown of activity due to the calamity in which Angola finds itself, after a period of emergency, brought additional difficulties to a country affected by a deep economic crisis.

Jack Huang acknowledged the problems but stressed that the administration has done everything to support the traders, even offering a month's rent-free.

However, not everyone can overcome the bad economic times. Some have rent arrears, while others have even closed their doors.

Over 40 shopkeepers have asked to leave, Jack Huang estimated.

But some want to come and settle in the Cidade de China because it has a better environment, and since April more than 30 requests have been received to enter, some of which are already in the installation phase.

The commercial complex, which has more than 300 wholesale and retail stores from different business areas, from clothing to construction materials, in addition to housing and a hotel, occupies 350,000 square meters, with a built area of 260,000 square meters.

It began to be implemented in 2014 and in April 2016 it went into operation, having been developed in several phases. The first and second phases included a commercial area of 115,000 square meters, a housing area of 18,000 square meters and a further 10,000 square meters of offices.

The third phase, with an area of 120,000 square meters, including commerce, industry, storage, and logistics, began operations in 2020 and is still under construction.

Last week Angola registered the first two cases of infection in Chinese citizens, two traders from Cidade de China who were quarantined. The health authorities closed the complex, which was under sanitary cordon between Thursday and Saturday, while massive testing of shopkeepers and employees was being carried out, involving almost 1,800 people, as well as cleaning and disinfecting the stores, Jack Huang said.

A situation that left fear in the shopkeepers and their customers, he said, noting, however, that all the recommended prevention measures are being followed.

Jack Huang stressed that Covid-19 has hardly affected Cidade de China, which has lower numbers than have been recorded elsewhere and considered that it was only the fact that they were the first Chinese citizens to be infected in Angola that attracted much attention.

The two Chinese, said the spokeswoman for the shopping centre, Helena Xiang, arenow cured and have presented negative results.

RCR/IMYN // ADB.

Lusa


Agency : LUSA

Date : 2020-08-01 09:43:00







 

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