Luanda — An imponent and modern entrepreneurial, housing and business centre, named "Comandante Gika", currently seen as the biggest real estate project of Angola and of the whole continent, was formally launched Friday in Luanda, with the laying of the foundation stone.

The ceremony was chaired by Angolan prime minister's assistant minister, Aguinaldo Jaime, on behalf of the head of State, José Eduardo dos Santos.

Designed to be built on the spot that in the past was occupied by "Comandante Gika" military school, the project is a complex of infrastructures, with imponent towers of offices and residences, the biggest and most sophisticated shopping of Angola, plus a five-star hotel.

The plot that was released by Angolan Armed Forces (FAA) for the construction of the project, will be used in exchange for another military academy somewhere else in Luanda, at the expense of the owner of the stand.

According to the chairman of the general assembly of the organ of the company that will run and supervise the project, José Leitão, the undertaking is estimated at USD 470 million to be accomplished within two years over an area of 307,000 square metres.

The whole project includes the construction of a three-stored shopping centre called "Luanda Shopping", with 208 shops, a hypermarket, six movie rooms and a parkade for 1,581 vehicles.

Two towers, with 21 floors each, will house offices and, par excellence, be Luanda's main business centre, backed by a parking space for 470 vehicles.

Another two towers, with 25 floors each and 136 apartments, will be the enclosed condominium of the whole project, coupled with a modern five-star hotel, named "Hotel Vip Grand Luanda", with a heliport.

It will also include 300 double rooms, 70 suites and a ward for varied leisure. The project will provide about 6.500 qualified jobs.