Central enterprises
CRCC starts construction on largest real estate project in non-total investment
Seetao 2022-03-23 10:23
  • The implementation of the project will strongly promote the sustainable economic development of Lagos, the largest city in Africa
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On March 21, 2022, local time, the groundbreaking ceremony of the Ikaoy Apartment project at No. 4 Ikaoy Alexander Road in the high-end area of Lagos, Nigeria, the largest city in Africa, was held. Babajid Sanuru, Governor of Lagos State, Nigeria, Obafemi Hamzat, Deputy Governor of Lagos State, Chu Maoming, Consul General of China in Lagos, Deputy General Manager of China Civil Engineering, China Earth Nigeria Co., Ltd. Executive Director Jiang Yigao, heads of various departments of the Lagos government, representatives of Chinese-funded enterprises and overseas Chinese attended the groundbreaking ceremony and laid the foundation for the project.

In his speech, Sanwulu highly affirmed China Civil Engineering's important contribution to the development of local people's livelihood, saying that China Civil Engineering is a trustworthy and reliable partner, and thanked China Civil Engineering for its efforts and support for local infrastructure construction. The implementation of the Kawi Apartments project will strongly promote the sustainable economic development of Lagos, the largest city in Africa, and further deepen the partnership between China and Nepal.

Babajid Sanuru's speech

Chu Maoming expressed his congratulations on the start of construction of the Ekaoy Apartment project and highly praised China Civil Engineering for actively fulfilling its social responsibilities. He said that in recent years, China's investment in Africa has grown steadily, and China-Africa investment cooperation has made great progress. In the next step, China will focus on the implementation of the "Nine Projects", continue to support the economic and social development and people's livelihood improvement of African countries, continue to consolidate the foundation of cooperation, tap the potential of cooperation, and pool the strength of cooperation, so as to better benefit the Chinese and African people and promote China-Africa cooperation. The relationship has continuously achieved new development and new breakthroughs.

Chu Maoming congratulates the start of the project

Jiang Yigao said that the Ikoy Apartment project aims to create wealth and job opportunities for the local area. The completed project will serve as a watershed in local real estate construction, redefining high-end apartments in Lagos and even Nigeria. With a modern design, the project will set a benchmark for high-end apartment construction in Nigeria and the West African region. The start of the project also demonstrates the solemn commitment of China Civil Engineering to help Nigeria's economic recovery in the post-pandemic era.

Since the 41st anniversary of China Civil Engineering entering the Nigerian market, it has insisted on "growing together with Nigeria", and has built and implemented a large number of infrastructure projects such as railways, highways and bridges that benefit people's livelihood. The Ikoy Apartment project started this time is the single real estate development project with the largest total investment and the highest height of China Civil Engineering and Construction and even China Railway Construction in Africa. It is located in the most high-end area of Lagos, the most populous city in Africa. The project has a modern design and complete supporting facilities, aiming to build a benchmark for the overseas real estate development sector of China Civil Engineering. The development of the Ikoui Apartment Project will lead the innovation of the development concept of the local real estate market and promote the healthy development of the Nigerian real estate industry. After the development of the project is completed, it will reshape the skyline of Lagos, and it also marks the transformation and upgrading of the real estate business sector of China Civil Engineering in Nigeria. Editor/Sang Xiaomei

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