South African Businessman Is Building A $275.6 Million Smart City That Will Create 6,230 Jobs, Meet Mike Nkuna

A South African businessman, Mike Nkuna, has set his eyes on developing a $275.6 million smart city in Limpopo, South Africa.

Phase one of the multi-million mega project is complete with the construction of a 20-square-meter shopping mall When completed, the mega-smart city project will create 8,250 construction jobs and 6,230 permanent direct jobs.

South African businessman Mike Nkuna is building a smart city in Limpopo, South Africa, called Nkuna Smart City.

The mega city project reportedly costs $275.6 million and has its first phase completed with a 20-square-meter shopping centre.

According to Africa Facts Zone on Twitter, the businessman’s company, Masingita Group, owns 13 malls and shopping centres. According to Limpopo’s premier, Stan Mathabatha, the Department of Trade, Industry, and Competition authorised $2.8 million in grant financing for the smart city.

The new development will incorporate commercial, industrial, retail, residential, and hotel land use.

South Africa’s Deputy Trade Minister, Nomalungelo Gina, added that the construction of the new city was a direct reaction to president Cyril Ramaphosa’s demand for new construction and the drive for post-apartheid smart cities.

Source: Yen.gh

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