Abuja Centenary City

Overview:

• The Nigerian government has awarded the tender for PPP project for the development of a smart city near Abuja, Centenary City, to UAE based developer Eagle Hills.
• The city will be built over a 10 year period at a cost of $50 billion. 
• A project company, Centenary City, which is led by chairman and former Nigerian president Abdulsalami Abubakar, has been established to own the project 
• Centenary City's sponsors comprise 22 private sector investors. 
• The new city, which is being built to commemorate the country's 100 year anniversary, has a projected population of 150,000. 
• Another UAE developer, Emaar, has invested $18.5 billion in the project. 

Ben Naylor - Regional editor