A K60 MILLION commercial property development is to be built to complement the new Koki fish market in Port Moresby.
Managed by the Malaysian-owned company Kitogara Ltd, it will be built at Healy Parade (formerly the Koki rugby oval) by Petro Pipe Construction Company.
Kitogara Ltd project manager Daniel Hii said during the groundbreaking ceremony the first phase would include 20 shops (two double-storey blocks) to be the retail and commercial hub for the area, plus office spaces.
“Our goal is to deliver an exciting, bustling and safe environment for the community that caters for all types of service providers,” Hii said.
“Businesses that occupy the spaces will provide employment opportunities for the locals. It’s near the bus stop, market and other services. The development will bring services such as ATMs to the area.”
The project is to be completed by February 2017.
It is the first commercial development project undertaken by Kitogara Ltd, which invests mainly in residential properties.
Other landmark projects previously undertaken in Port Moresby are the Waigani Village and Rainbow Heights apartments.