AGREEMENT WITH CCECC AS EPC CONTRACTORS FOR THE CONSTRUCTION OF INNER-CITY ROADS

Towards ensuring the timeline for the commencement of construction in the first quarter of 2019 in Enyimba Economic City is maintained, the management of Enyimba Economic City Development Company Ltd (EECD) on Friday, September 28, 2018 signed an agreement with CCECC as one of the EPC Contractors for the development of the Spine Roads within the Enyimba Economic City.

The first phase of the engagement is the construction of a 12.5 km Spine Road within the first phase of the Enyimba Economic City, this is a 6-lane road with a 3-meter median carrying service ducts, drainage pipelines, waste pipelines, power, communication, telecommunication and surveillance e.t.c.

CCECC Nigeria Limited provides construction and engineering services in Nigeria, it is a whole subsidiary of China Civil Engineering Construction Corporation established in 1979.CCECC has been listed among the world’s top 255 international contractors for many years and ranked consecutively among the first 70 in recent years by the Engineering News Record “ENR”. 

At the signing event were Mr Alex Wang who signed on behalf of CCECC and Mr C Darl Uzu, the Managing Director of EECD who signed for EECD.

VISIT OF ENYIMBA ECONOMIC CITY TEAM TO GERMANY

germany-visit

From left to right C Darl Uzu, Managing Director EEC, Dirk Hilbert, Mayor of Dresden, His Excellency Ambassador Yusuf Maitama Tuggar, Nigerian Ambassador to Germany, Abubakar Jidda, Minister for Economy and Commerce of Nigerian Embassy in Berlin

germany-visit

From left to right Dirk Hilbert, Major of Dresden, His Excellency Ambassador Yusuf Maitama Tuggar, Nigerian Ambassador to Germany, C Darl Uzu, Managing Director EEC, Barr Chibuzor Ekwekwuo, Company Secretary EEC

The preparatory visit of Enyimba Economic City Team to Germany to prospect for investors in manufacturing transfer included Trade Mission to Hamburg and visit to Mayor of Dresden.

His Excellency Ambassador Yusuf Maitama Tuggar introduced Enyimba Economic City (EEC) and the team to the Major of Dresden and solicited for an investment summit with German businesses at a later date from the Mayor.

FOCAC SUBMIT: CHINESE GROUP TO INVEST 2B USD IN NIGERIA

 

Chinese based Shandong Ruyi Technology Group is set to invest about $2,000,000,000 in Nigeria. This was the outcome of the meeting between President Muhammadu Buhari and the Executives of the Company, on the sidelines of the 7th Forum for China and African Cooperation in Beijing.

President Buhari alongside the Minister of Industries, Trade & Investments Dr. Okechukwu Enelamah and Minister of Foreign Affairs Mr Geoffrey Onyema met with Mr Yafu Qui, Chairman, Ruyi Group, Ms Aiying Li, President Ruyi Power Group and Mr Liming Sin, President Ruyi Textile Group.

The investments will facilitate the setting up of textiles and garments manufacturing establishments in the Enyimba Economic City, Abia State. An earlier Agreement has been executed between Enyimba Economic City Company Limited and Shandong Ruyi for 300 hectares of land for this purpose.

Ruyi has also indicated interest to invest in Lagos and Kano States as well as establish cotton farms in Funtua, in Katsina State.

The proposed $2,000,000,000 investment will cover the entire cotton value chain, farming, ginning, spinning, weaving and power generation to support the processes in Nigeria.

 

These investments are expected to catalyse activities in the textiles and garments segment of the Nigerian manufacturing sector.

YU GUI YUAN GROUP VISITS EECD OFFICE ON INTEREST IN DEVELOPING THEME PARKS WITHIN THE ENTERTAINMENT CITY

A delegation from Yu Gui Group visited the management of Enyimba Economic City Development Company Ltd at their Liaison Office in Abuja on June 26, 2018 to discuss their interest in collaboration with the Enyimba Economic City management towards the development of the entertainment sector of the city.

Yu Gui Garden has substantial stakes in over 40 sub-companies and operates hundreds of billions RMB of assets and entertainment parks across China.

Vimen Chung, the Vice President of the Group identified large-scale recreation areas of mainly theme parks, water parks and film & television centers as their primary focus of investment; other areas they are also open to investing in includes super business districts mainly including five-star hotels, conference centers, themed hotel clusters, large-scale centralized commercial buildings, commercial pedestrian streets, food centers, cultural squares, entertainment centers, theaters, and wellness centers.

Mr Darl Uzu the managing director of EECD who received the delegation stated that groups with proven experience in entertainment are welcomed to invest in entertainment city as the plan is to make the Entertainment City within Enyimba Economic City an alternative destination for middle class to international vacations.

ENYIMBA ECONOMIC CITY SIGNS AGREEMENT WITH SINO-AFRICA

In a drive to attract more foreign investment to the Enyimba Economic City, an agreement was signed with Sino-Africa Investment Consultancy Company as Marketing and Investment consultants for China, Hong Kong and Macau on 21st June, 2018 in Beijing, Republic of China.

Mr C Darl Uzu, the Managing Director of EECD signed on behalf of Enyimba Economic City Development Company Limited while Mrs Tracy Huo, the Director of Sino-Africa Investment Consultancy Company signed on behalf of Sino-Africa.

Sino Africa has a proven record of attracting Chinese investment to Africa with successes recorded in Ethiopia and Kenya.

In attendance for the signing ceremony were The Abia State Governor, His Excellency, Dr. Victor Okezie Ikpeazu, Company Secretary of EECD, Barr Chibuzo Ekwekwuo, Member Advisory Board of EECD, His Excellency, Ambassador Empire Kanu and the Director General, Abia State Public Private Partnership Office, Mr Austin Ufomba.

SIGNING OF AGREEMENT WITH SHANDONG RUYI GROUP AS ANCHOR TENANTS

A major milestone was achieved on June 21, 2018, with Ruyi Group signing an agreement as an anchor tenant in Enyimba Economic City, Mr C Darl Uzu signed on behalf of Enyimba Economic City Development Company Ltd (EECD) and Mr Liming Sun signed for Ruyi Group at the Corporate Head Office of Ruyi in Beijing, China.

Mr Liming Sun who is the president of Ruyi Group, acknowledged that the Nigerian delegation for the Signing of the agreement is the strongest Ruyi Group has ever received from Nigeria and thanked both the Federal Government of Nigeria and Abia State Government who are parties to the Development Company of the City for their support so far.

The Enyimba Economic City is being developed through a Public Private Partnership Initiative of Private Sector represented by Crown Realties Plc, Abia State and Federal Governments but will be driven by the Private sector.

Mr Sun stated that the 300 Hectares is for Ruyi to develop their largest garment and textile factory in Africa. 

Mr Qiu the Chairman of Ruyi Group stated that Ruyi Group represents several companies and has partnership with many global leaders in texile, power and other sectors but their key experience is in textile manufacturing where they rated as the largest company in the world.

The Managing Director of EECD, Mr C Darl thanked the leadership of Ruyi Group while acknowledging that Enyimba Economic City Development Company Limited is also in advanced discussion with other anchors.

Several high profile representation from both the Federal Government, Abia State Government, Enyimba Economic City Development Company Limited and Shandong Ruyi Group witnessed the signing ceremony, including Aisha Abubakar , the Minister of State, Ministry of Trade Industries and Investment, His Excellency, Baba Ahmad Jidda, the Nigerian Ambassador to China – His Excellency, Baba, Dr Adeyemi Dipeolu, the Economic Adviser to the President - Dr Adeyemi Dipeolu, Mr Femi Edun, the Special Adviser to the Minister of Trade and Investment, His Excellency, Dr Victor Okezie Ikpeazu, the Executive Governor of Abia State, Dr Paschal Dozie Chairman of Geometric Power and MTN Nigeria,  Prof Barth Nnaji, the Managing Director of Geometric Power, Mr Yafu Qiu, the Chairman of Ruyi Group,  Mr Liming Sun, President of Ruyi Group, Mrs Li Aiying , Chairman of Ruyi Energy Group amongst many other individuals.

SIGNING OF POWER AGREEMENT

 

Power generation and distribution is sealed for Enyimba Economic City by virtue of the agreement between Shandong Ruyi Group and Geometric Power. The agreement set up an SPV Ruyi GP to develop the Oma IPP, a license of Geometric Power for an initial 540MW gas powered generating plant that is scalable to 1080MW.

A further power purchase agreement was signed for the 160MW out of the 540MW for the power need for Ruyi Textile for the 300 Hectares park in the first phase of Enyimba Economic City.

At the signing ceremony are Yafu Qiu the chairman of Shandong Ruyi Group, Mrs Li Aiying, the Chairperson of Ruyi Energy Group who signed on behalf of Ruyi. Prof Bart Nnaji, the former Nigeria Minister of Power and Managing Director of Geometric Power, who signed for Geometric Power.

Others who witnessed the signing ceremony includes the Governor of Abia State, Dr Okezie V. Ikpeazu (PhD), C Darl Uzu, Managing Director of Enyimba Economic City Development Company Limited, Dr Pascal Dozie, Chairman of Geometric Power and MTN in Nigeria, Aisha Abubakar, Minister of State, Ministry of Trade Industries and Investment, His Excellency, Baba Ahmad Jidda, the Nigerian Ambassador to China, Austin Ufomba, Director General, PPP Office Abia State amongst others.

AGREEMENT WITH BILAL

The management of Enyimba Economic City Development Company Ltd on Saturday, May 26, 2018 signed agreement with Bilal Holdings as one of the EPC Contractors for the development of the Outside Fence Road Infrastructure which are Critical Access to the Enyimba Economic City.

Bilal is registered under the United Arab Emirate with the Mandate of EPC Contracting.

The terms of the agreement are however subject to the Consortium Agreement signed in furtherance of project. Parties to the Consortium Agreement are Group Five, Bilal, EECD-RI with African Finance Cooperation (AFC) also indicating interest to join

Mr Bineet Sarang, the managing Director of Bilal Holding who signed on behalf of the company expresses his delight while stating that Bilal has experience working in Nigeria as they have on-going projects in Kano. Mr C Darl Uzu signed on behalf of Enyimba Economic City Development Company Limited (EECD).

RUYI GROUP VISITS GEOMETRIC POWER ABA IPP FOR ON-SITE ASSESSMENT OF POWER INFRASTRUCTURE

A delegation from Ruyi Group and the management of Enyimba Economic City Development Company Limited Aba IPP a facility of Geometric Power on a fact-finding mission.

Speaking during the visit, Mr Liming Sun the president of Ruyi Group stated that the availability of Power is very important in the investment decisions of Ruyi Group.

Prof Barth Nnaji, the Managing Director of Geometric Power who are strategic partners with Enyimba Economic City Development Company Limited on power stated that the Aba Integrated Power Project have 141MW completed power generation asset plus 47MW additional installation as well as 27 km dedicated gas pipeline infrastructure.

Prof Barth advised that as part of their partnership with Enyimba Economic City Development Company Limited, 2 feeders of 41MW each have been reserved for the first movers into the Economic City.

Speaking further, Prof Nnaji stated that Geometric Power has invested in over 140 kilometers of 33 kV /11 kV lines with fiber optic cable lines strung on the OHL poles for large data transmission and that the license for the facility covers the supply of Aba and its surrounding environment which consists of 9 local government out of the 17 in Abia State out of which Enyimba Economic City spans across 3 of the 9 local government areas.

The chairman of Geometric Power also said that the company has a current license to develop 1080MW of power plant in Oma adjoining the Enyimba Economic City in 2 phases of 540MW each.

Prof Barth pointed out that the supply to the South-East is currently less than 300MW which is a confirmation of the importance of their facilities to the South East.

Mr C Darl Uzu the Managing Director of Enyimba Economic City affirmed that with Geometric Power, he considers the Power Deal done while the plan for the first phase of development of the city is to build a 15km road network, an administrative office, a community center, a 50-room hotel and security surveillance facilities which is planned to commence in the first quarter of 2019.

Abia State Acting Governor, Ude Oko Chukwu, in his remark said that the state would partner Geometric Power Ltd, Enyimba Economic City Management and Ruyi Holding of China by offering every necessary support.

He told the Chinese investors that the state was profitable and safe to invest in, adding that the project would provide employment and business opportunities for the people.

President of Ruyi Group, Mr. Liming Sun, said the company has plans to invest a minimum amount of $2 billion in their factory project which will be sited in the Economic City.