Investors from Angola and Portugal build shopping centre in Luanda

28 March 2014

The Sky Gallery, the new luxury shopping centre under construction in Luanda, is scheduled to start operating in June. It will offer customers goods from prestigious brands that will be on sale in Angola for the first time, Angolan newspaper Expansão reported.

The shopping centre, located near the Escom tower, in Kinaxixi, Luanda, represents an investment of US$50 million, according to its chief executive and shareholder, Rahim Ahamad.

The CEO said that the investment made in design and construction of the project does not include what will be invested in individual shops. This figure is expected to be over US$30 million and Ahamad added that the 40 shops would all be taken by the end of the year.

The luxury brands that will be sold in the shopping centre include Prada, Gucci, Ermenegildo Zegna, Armani and Hugo Boss, which will all have their own stores in Angola for the first time.

The project is owned by Angolan and Portuguese investors, said Ahamad, and will be a “driver of trends in Angola.” (macauhub)