+234 903 350 9001
1 GP Road, Osisioma, Aba, Abia State, Nigeria
ABOUT THE CITY
Enyimba Economic City (EEC) is a 9,464 hectares of Greenfield Integrated City, connecting 11 States of South South/South East within 150Km radius and captive population of close to 60 million. It planned to be a Work, Live, Learn and Play Vibrant Integrated City with growth sectors in Industrial Activities, Logistics, Lifestyle Residential, Entertainment, Health/Medical, Knowledge/Tech Hub and Aviation, designed to be the Global Business Hub in Nigeria. Under the Federal Government of Nigeria’s Made in Nigeria for Export (MINE) Programme, EEC functions as a duty-free and Special Economic Zone (SEZ) with the goal of transforming Abia State, Nigeria into a manufacturing and industrial powerhouse.
Enyimba Economic City has a Free Trade Zone Status and offers world class infrastructure, including dedicated 24/7 power and broadband internet to promote the integration of Nigerian businesses into regional and global value chains.
The project has been completely conceptualized, and Phase One has been planned, designed and is ready to commence. A term sheet has been signed with Afreximbank for a total of $201.7 million, with $150 million being underwritten by them. EEC emerged as the winner in Charter Cities Institute’s 2019 Business Plan Contest.
To be a vibrant integrated city and a connected global business hub in Nigeria that will promote the integration of Nigerian businesses manufacturing and Services into regional and global value chains.
To create a global economic hub in Nigeria linked with high grade access roads, rail, airports and seaports that will transform Nigeria into a manufacturing and industrial powerhouse, with ancillary drivers of commerce, logistics, entertainment, education, health, lifestyle living and aviation.
BOARD OF DIRECTORS
Dr. Pascal Dozie
Darlington Chibuzor Uzu
CEO/ Managing Director
Prof. Chidiebere Onyia
Federal Government of Nigeria
2 Nominees to be Announced
9,464 hectares of land
9,464 hectare tax and duty free special economic zone.
Vibrant integrated city with growth sectors in manufacturing, logistics, health/medical, entertainment, knowledge/technology hub, lifestyle, residential, and aviation.
World class infrastructure including dedicated 24/7 power and broadband internet.
Intermodal logistics hub with origin and destination inland port connected to two seaports by rail.
Business friendly, efficient, and transparent governance.
Easy and immediate access to captive market of 200 million in Nigeria, 450 million in west Africa and 1.2 billion in the Africa continental free trade area (AfCFTA).
Federal Government of Nigeria (FGN)
Abia State Government (ABSG)
Crown Realties Plc
EECD Land Owners Trust Fund
Surbana Jurong, Singapore
Escher Silverman Global, UK
CBRE - India
Allot (Nig) Limited
African Export - Import Bank
African Development Bank
FBN Quest (Merchant Bank)
Manufacturing Transfer Advisory
International Finance Corporation (IFC)
Crescendo Worldwide PVT. Ltd (India)
Brilliance Company Limited (China)
China Civil Engineering Construction Corporation (CCECC)
Instatoll Africa Pty LTD (South Africa)
Escher Silverman Global, UK
Afrinvest (West Africa) Limited
Medical Cirt Development Advisory
A & E Law Partnership
Construction Economists Partnership Limited (CEP)
Phase 1 - 1,499 Ha
Phase 1 is comprised of the first industrial township/park, dry port/logistics park, wholesale market, trailer park and other ancillary uses.
Phase 2 - 279 Ha
Phase 2 is comprised of health and wellness, knowledge and Innovation sub-cities. KPMG is currently consulting on the phase 2 of the project and is expected to produce the Project Information Memorandum (PIM), including Business Case by Q4 2022.
Phase 3 - 291 Ha
Phase 3 is comprised of the entertainment and media sub-city.
Phase 4 - 2,743 Ha
Phase 4 is comprised of the residential township and central business district (CBD).
Phase 5 - 4,417 Ha
Phase 5 is comprised of the second, third and fourth industrial townships.
Phase 6 - 461 Ha
Phase 6 is comprised of aviation comprising of international airport and aircraft maintenance hangers.
The project is fully conceptualized and First Phase is fully designed and shovel ready.
Declaration of EEC as Special Economic Zone by NEPZA.
Certificate of Occupancy for the Land from Abia State Government.
Free Trade Zone License Approval from The President, Federal Republic of Nigeria.
Full Origin and Destination Inland Port Approval from The President, Federal Republic of Nigeria.
Approval to jointly develop rail connection of EECD Inland Port to Onne Sea Port with Nigerian Railway Corporation, Nigeria Ports Authority and Shippers Council of Nigeria.
The City Regulation Approval by NEPZA and Federal Ministry of Justice and Gazette by the Federal Republic of Nigeria.
Definitive Agreement signed with Abia State Government and Federal Government for 6% and 20% equity in the project respectively, at N50b capitalization.
Agreement signed with AFREXIM as Mandated Lead Arranger for First Phase Financing.
Agreement signed with African Development Bank as co – debt Financier.
Agreement signed with Geometric Power for initial 94MW power supply from Osisioma, Aba IPP and discussion ongoing on 504MW Oma as dedicated power to the city.
Consortium for external fence infrastructure that include Insta – Toll RSA, Escher Silverman Global UK, CCECC Nigeria, Afreximbank won the bid for concession of 200km 4 lane Port-Harcourt - Enugu and 161km Onitsha-Owerri-Aba highways.
Marketing/DFI's companies have been appointed for China, India, and Europe to attract manufacturing transfers to the city.
1 Geometric Power Road,
Abia State, Nigeria.
INVEST IN EEC
EEC provides complete tax holiday from Federal, State and Local Governments along with tax exemptions on proceeds reinvested; interest on bonds and short-term securities; duty free importation of capital goods, machinery and components, spare parts, raw materials, and consumable items; waiver on all expatriate quotas; etc. for companies operating within the zone.