The Kano State Government has earmarked over N167 billion for the construction of an international market in the state to be called `Kanawa Market.`
Alhaji Rabiu Bako, the state’s Commissioner for Commerce, Industry and Cooperatives, disclosed this on Tuesday in Kano, while briefing newsmen.
According to Bako, the construction of the modern market will boost global commercial activities in the state.
He said that the market would attract the attention of foreign investors to invest in diverse business opportunities in the state.
“If we are able to achieve this goal, it will contribute towards boosting the state’s economy.”
Bako added that the construction of the market would be a joint venture between the state government and an indigenous construction company.
The commissioner said the state government had provided 121 hectares for the construction, as part of the agreement while the contractor would fund the project.
He disclosed that the project would provide over 9,000 shops for traders.
According to him, in 2016, major markets in the state were renovated in order to attract foreign investors. (NAN)