JUBA – South Sudan’s Minister of Investment, Dhieu Mathok Diing, has announced his ministry is planning to build a new complex office to be named as “Investment Tower” in Juba.
The tower is meant to provide accommodation to investors and host the Ministry of Investment.
Mathok told reporters at press conference yesterday that the building will have a capacity of one-thousand-person conference hall.
Mathok said the project that will be funded by African Development Bank, government, and other developmental partners will cost an estimated twenty-eight million U.S dollars.
“The cost for this project is around 28 million U.S dollars which equivalent to 9 billion South Sudanese Pounds for the next three years,” Mathok told journalists on Monday in Juba.
“We have already identified some of the partners who are willing to help or support this budget,” he added.
The senior government official disclosed that the construction work is expected to be completed within three years.
“We thought of constructing this investment tower as a face for investment in our country and people will take us seriously if we have that tower or environment that is conducive,” he explained.
He said the building will create a conducive working environment and open more foreign investment opportunities in the country.
“Investment tower is a building which is going to accommodate the Ministry of Investment and investment-related activities including conferences,” he said.
“Most import thing is creating a conducive environment for investors coming to the country. You can’t invite someone from Europe in an environment where the situation is favorable for investors,” he added.