Nictus Holdings has begun construction on six new retail stores in Walvis Bay as part of a major expansion across two key sites in the coastal city.
The development, which brings together several of the company’s flagship brands, includes new Tiger Wheel & Tyre and Nictus outlets at the corner of Theo Ben Gurirab Avenue and Circumferential Road.
A second retail centre at the corner of Dr Nangolo Mbumba Road and 12th Avenue will house TrenTyre, Auas Motors, Glasfit, and Build It.
“This project reflects our confidence in the potential of Walvis Bay and the Erongo region at large. We remain committed to continue to meaningfully contribute to Namibia’s economic growth,” said Wilmar Fourie, Managing Director of the Property Segment at Nictus Holdings.
The project according to Nictus is expected to boost consumer convenience, support local suppliers, and create jobs in the Erongo region.
The move according to the Namibia Securities Exchange listed company, underscores its continued investment in infrastructure and community development, and growing confidence in Walvis Bay’s role as a key port city.
