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.

RUYI GROUP TAKES EECD TEAM ON FACTORY TOUR IN CHINA

On the invitation of Shandong Ruyi Group, the management of Enyimba Economic City Development Company Limited visited the Headquarters of Shandong Ruyi Group in Jining China on June 20, 2018 for a factory tour of Ruyi facilities.

 

Speaking during the factory tour, Mr Liming Sun the President of Ruyi Group said that Ruyi Group is a conglomerate with integrated industry chain, owning various proprietary patents in China and best-in-class technology. It ranks first among China Top 500 Textile & Garment Enterprises and is a Top 100 Chinese multinational company. It also owns an A-share listed company in China and a company listed in Tokyo Stock Exchange.

He also mentioned that Ruyi Group has acquired top European and American brands some of which includes but no limited to Ensuite, Lestera, Durban, Maje, Sandro.

He stated that the company have concluded plan for a $2,000,000,000.00 investment in Enyimba Economic City while adding that the purpose of the tour is to help all develop the pictorial view of what they are planning to recreate in Enyimba Economic City.

Mr C Darl Uzu thanked Ruyi Group for the tour while expressing his believe that Ruyi is a worthwhile partner in Enyimba Economic City.

AGREEMENT FOR ESTABLISHMENT OF AMERICARE SPECIALIST HOSPITAL SIGNED WITH AMERICAN GROUP OF DOCTORS

One of the offerings of Enyimba Economic City is the creation of a world class medical and healthcare destination in the region by building a Tertiary Hospital that will have international certification for specialized care. In pursuant to that, the management of Enyimba Economic City Development Company Ltd (EECD) and Hospital Company LLC (THC) signed an Agreement to develop, build and operate a 200-bed tertiary care hospital as an integral part of Enyimba Economic City Medical and Education City.

 

THC is a specialist medical practice of over 50 top specialist physicians in the United States who have indicated interest to be part of the group.

 The surgical sub-specialties will major in Cardio Thoracic Surgery, ENT Surgery, General Surgery, Kidney Transplant, Neurosurgery, Ophthalmologic Surgery, Orthopaedic & Sports Medicine, Paediatric Surgery, Plastic and Burns Surgery, Spine Surgery, Surgical Oncology, Trauma Surgery, Urological Surgery and Vascular Surgery.

The medical sub-specialities on the other hand will include Allergy & Immunology, Cardiology, Critical Care Medicine, Dermatology, Endocrine & Diabetes, Gastroentroenterology, Haematology and Oncology, Infectious Diseases and Tropical Medicine, Internal Medicine, Nephrology and Dialysis services, Psychiatry, Pulmonary Medicine and Rheumatology.

THC will also work to provide Health Insurance Scheme either as an integral Initiative or as a stand-alone.

THC as part of the requirements for the Agreement have submitted an availability statement of 50 highly qualified, ethnically diverse Nigerian physician’s specialist that are all practising in North America and Western Europe. Part of THC’s long-term plan is to extend the list to 300.

IFC INDICATES INTEREST ON COLLABORATION WITH THE DEVELOPMENT OF ENYIMBA ECONOMIC CITY

Enyimba Economic City is attracting global attention as the International Finance Cooperation, an arm of World Bank, has through a proposal sent to the management of Enyimba Economic City Development Company Limited indicated interest to assist EECD, in advisory role as well as in securing debt and equity investments in infrastructure development for the city.

This followed a meeting of Mr C Darl Uzu, with top management of African Group in Washington in the past.

As a follow up, there was an extensive conference call between IFC and EECD management on Wednesday July 10, 2018 during which it was agreed that EECD management should respond to the proposal by indicating the areas they will be requiring support.

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.

 

 

RUYI GROUP VISITS THE SITE OF ENYIMBA ECONOMIC CITY

A delegation from Ruyi Group visited the project location of Enyimba Economic City on a fact-finding mission on Saturday April 24, 2018.

They were received by Mr C Darl Uzu the Managing Director of Enyimba Economic City Development Company Ltd (EECD) in company of other members of the EECD Team.

The visit highlighted the connection of the project site to the A3 Enugu – Port Harcourt expressway, the railway line and the gas aggregation facilities at Owaza.

Other places visited were the 2 water sources for the city at the Azumini River and Imo River axis.

The current location of the 33 kV /11 kV lines with fiber optic cable lines strung on the OHL poles for large data transmission from the Aba IPP facility to the site was also noted as it is just about 5 kilometers from the Economic City.

Ruyi Group is one of the largest garment production industry in the world and are in discussion with EECD to take 300 Hectares of Land for the development of their factory within the Enyimba Economic City.

 

Mr Liming Sun expressed satisfaction with what they saw and invited the EECD Team for a factory tour in China.