Centenary City is an investment worth N2.9 trillion by local and international investors amongst who are Julius Berger of Germany, Atlantic Golf International Limited in partnership with Eagle Hills, a property developer in Dubai and supported by the government of United Arab Emirate. Eagle Hills headed by His Excellency Mohammed Allabar is known to have built the #tallest building in the world, the tallest restaurant in the world, the world's biggest shopping mall etc. These projects have attracted more than 54 million visitors to Dubai in 2011 alone. The same projects are expected to be replicated in Nigeria, making Abuja the Dubai of Africa.
The Abuja Centenary City will be the second-largest private city development in history, and signals a new national economic awakening. It will promote world-class multinational and domestic businesses in a planned environment that will encourage business and trade in the 21st century. Around 100,000 people will live in the new city, with a further 500,000 expected to pass through it daily.
The City will incorporate a free trade zone, duty free regime, tax holidays and non-regulated banking services in an effort to boost trade and investment in Nigeria, and make it replica of the successful cities like Dubai, Monaco, Shenzhen, Singapore and Songdo.
The Centenary City will signpost the Nigeria of the future, leveraging world class urban development as a tool for securing Foreign Direct Investment (FDI) and signalling a new economic awakening across the entire country. By the end of its 10-year development Lifecycle, this revolutionary and expansive urbanization project is expected to create over 55,000 well-paying jobs, 250,000 construction jobs and accommodate a residential population of about 150,000 people. The Centenary City is envisioned as a business, driven by the Private Sector. The structure of the City is inspired by other Model cities across the globe that are insulated from the vicissitudes of policies and broken infrastructure that characterize the poorly run cities around them.
Speaking at the ground breaking, the Chairman of the Centenary City Plc, Gen. Abdulsalami Abubakar (rtd) said the city is being planned to ranked among the big cities in the world and that the model unveiled was in line with that vision.
The Abuja Centenary City will be the second-largest private city development in history, and signals a new national economic awakening. It will promote world-class multinational and domestic businesses in a planned environment that will encourage business and trade in the 21st century. Around 100,000 people will live in the new city, with a further 500,000 expected to pass through it daily.
The City will incorporate a free trade zone, duty free regime, tax holidays and non-regulated banking services in an effort to boost trade and investment in Nigeria, and make it replica of the successful cities like Dubai, Monaco, Shenzhen, Singapore and Songdo.
The Centenary City will signpost the Nigeria of the future, leveraging world class urban development as a tool for securing Foreign Direct Investment (FDI) and signalling a new economic awakening across the entire country. By the end of its 10-year development Lifecycle, this revolutionary and expansive urbanization project is expected to create over 55,000 well-paying jobs, 250,000 construction jobs and accommodate a residential population of about 150,000 people. The Centenary City is envisioned as a business, driven by the Private Sector. The structure of the City is inspired by other Model cities across the globe that are insulated from the vicissitudes of policies and broken infrastructure that characterize the poorly run cities around them.
Speaking at the ground breaking, the Chairman of the Centenary City Plc, Gen. Abdulsalami Abubakar (rtd) said the city is being planned to ranked among the big cities in the world and that the model unveiled was in line with that vision.
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