Tuesday, December 29, 2015

Infrastructure Work Progresses in Abuja Centenary City with Tallest Building in Africa

At the core of the Centenary City stands it's most magnificent center piece, Africa Tower. Set to be the highest of its kind in Africa, the Tower will house 30 floors of Abuja's most luxurious apartments and 46 floors of premium offices.

Infrastructure work progresses in Abuja Centenary City...
Home of soon to be the tallest building in Africa

Construction of vital infrastructure is progressing steadily in the Abuja Centenary City, Nigeria's City of the future, that is also expected to generate over 350,000 jobs on completion.

The Centenary City is a spectacular city hub development by Eagle Hills, a private investment company, headquartered in Abu Dhabi, as part of a joint venture agreement with Centenary City Plc, an initiative by the Government of Nigeria to create the city of the future. Celebrating 100 years of the formation of Nigeria, the milestone development is envisaged as a city within the city, and will add tremendous value to the Nigerian economy.

Spread over 1,300 hectares, Centenary City will be a smart, interconnected, intelligent city of the future, anchored by Africa’s tallest tower – Africa Tower at 308 metres – and the largest retail and entertainment destination, The Mall of Nigeria. The Nigeria Park, spread over nearly 30 hectares, will provide Centenary City the distinct appeal of a green city offering lavish open spaces and aesthetic natural getaways for residents.

The development will have a mixed-use urban centre, a central business district, a financial centre, a museum and cultural centre to promote African and global arts, world-class hotels, business and technology parks, residential districts, an 18-hole golf course, R&D centres, sports and leisure facilities and community amenities. Upon completion, Centenary City will be home to 137,850 residents and an office community of over 87,000 workers apart from over 60,000 workers expected at the Science & Technology Park

It will be recalled that at the last update visit to the Presidency by the Board of Directors of the company, President Mohammed Buhari commended the investors Eagle Hills for the massive investment and their vote of confidence in the dynamism of the Nigerian economy

Mr. Jaimal Shergill, Executive Director (Africa) for Eagle Hills had briefed the President on the progress made so far to bequeath the nation a fitting tribute to Nigeria's 100 years as a united country based on the “Dubai model” as well as the economic benefits of boosting the retail, tourism and hospitality sectors of the economy with over 100,000 construction jobs and 250,000 well-paying jobs in the face of dwindling oil receipts.

In his presentation to Mr. President, Dr. Odenigwe Ike Michaels, Jr., the Managing Director of Centenary City Plc., stated that the Company is a public limited liability company with 40 promoter investors made up of Nigerian and international investors and therefore 100% private sector driven with no iota of government funding.

Dr. Odenigwe also confirmed that following the precedent set by the Eko Atlantic City in Lagos, the Company also successfully applied for free zone status for the Centenary City Project having complied with all extant requirements of NEPZA. Finally, he extended a special invitation to Mr. President to visit the project site in his convenience declare the Sales Center open in due course.

President Buhari had thanked the Board and management for their project update visitation , and praised the Centenary City’s main development partners from the United Arab Emirates for having enough confidence in Nigeria to agree to invest about $18.5 billion in the project. He was optimistic that the skills, expertise and vast experience that would be brought into Nigeria to build the Centenary City on the Dubai model, would also be of immense benefit to Nigeria.

Mr. President further looked forward to regular updates on the Centenary City’s development, reiterated that his Administration would continue to support all genuine foreign investors in Nigeria as the nation makes giant strides in overcoming its enormous financial challenges.  

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