Agreement for the project has been executed with the Abia State Government.
The Project Site has been Acquired and Certificate of Occupancy has been issued by Abia State Government to Enyimba Economic City Development Company Limited
Special Economic Zone Bill that protects the project has been passed by Abia State House of Assembly and signed into Law by the Governor of Abia State on July 17, 2017.
Market Plan Finalization
The Master Plan and Market Positioning Study have been finalized by Surbana Jurong of Singapore and CBRE, India
Project Infrastructure Design is on-going with Surbana Jurong of Singapore.
A consortium has been assembled for the concession of the outside fence infrastructure which includes the A3 Port Harcourt / Enugu Federal Highway and new proposed Onne Port / Obinze in Owerri Road.
Power Plant Plan
Discussions are currently ongoing to dedicate the new 540MW Adia Power Plant in Ogwe which is within the boundary of the City to the City. This power plant is a joint venture of Geometric Power, Siemen of Germany and Orascom of Egypt
Phase 1 Kickoff
4 Anchor Companies expressed interest and we are finalizing discussion with them to start off the Phase 1 Pilot Project.
Special Economic Zone
The project Site has been designated as a special Economic Zone by the Federal Government of Nigeria.
Approval & Gazetting
All application requirements including Master Plan, Feasibility, Environmental and Social Impact Analysis e.t.c has been submitted to NEPZA and their approval have been sent to the President of Federal Republic of Nigeria for final Approval and Gazetting.
Appropration of Federal government contribution OF 10 Billion Naira towards supporting the project in 2018 budget.
MOU With Federal Ministry of Industry Trade and Investment
MOU has been negotiated with Federal Ministry of Industry Trade and Investment which involves taking equity with EECD and providing other forms of support
AFREXIM has indicated interest on the project. Africa Finance Corporation has indicated interest to provide funding for the outside fence road infrastructure of the City. Africa Development Bank has also indicated interest and discussions are on-going with them.
MOU With CGCOC
MOU has been negotiated with Chinese EPC contractor CGCOC that include sourcing for buyer credit from China Ex-Im Bank for 1,800 Hectares start-up phase of anchor drivers.