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