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Opuwo’s economic growth helped by construction sector

Opuwo’s economic growth helped by construction sector

The construction sector in Opuwo has really helped for growth of the town as well as for an amelioration in the local economy of that town.

Local Economic Development officer Sean Makono said Opuwo said that the local economy “is booming”. He added that the construction sector is steadily improving. There are also many commercial and residential buildings under construction.

“It is predicted that the economy of Opuwo will improve tremendously due to the discovery of iron ore in close proximity to the town.”

According to Makono, the iron ore deposit near Opuwo could be one of the largest in the world.

“The spin-offs from the mining of the iron ore alone are enough to nourish vibrant local industries and stimulate unparalleled job opportunities in the region,” Makono said. He added that Opuwo is “an untapped market” for investment, where investors could develop shopping outlets, recreational facilities and hospitals.

Makono explained that the new activities in this area would oblige Opuwo to improve the local hospital and perhaps build another.

Opuwo Trade Fair, which took place in May, already aimed at attracting institutions and corporations to the region.

 

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