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its largest retail and entertainment destination. According to Nigeria’s Minister of Information


Labaran Maku, at least 16 private sector companies will invest around $4bn in the development of 10 districts in the city. Tey 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 replicate the success of Dubai, Monaco, Shenzhen, Singapore and Songdo. A modern sports hospital will provide cutting-


edge sports medicine and diagnostic tools with an emphasis on knee surgery in the hope of attracting medical tourists to the city. Around 75% of the development will be


residential and the balance will be commercial. Te City will boast features such as 5 star hotels, high end retail outlets, office space and even a 5.5km Formula 1 track, the first in Africa. An 18 hole golf course with an integrated golf community, luxury hotels, the Abuja Museum of African Arts, even an opera house are integral parts of the plan. In a bid to make this region the new


commercial hub of Abuja, a dedicated ‘Abuja Financial Centre’ will be developed. Nigerians are known internationally as big spenders and developers behind the Centenary City hope to introduce a host of international brands that are currently not available in the country, in what is to be called the Nigeria Mall. Tere will also be a new 36,000m2 amusement part complete with retail and dining options. Connectivity and internet services are being


improved to cater for the new businesses. Tere will be a constant power supply with a gas-fired 500 MW power plant connected directly to a gas terminal. Water management will ensure that 60% of water will be recycled and waste will be reduced to virtually zero, with any domestic waste being incinerated as an additional power source or used a nutrient-rich fertiliser.


and the expectations of tomorrow and allow the City to develop in a sustainable ecological and socially responsive manner. Te City will demonstrate the harmony between nature and the work of man to create a solid example for the future of urban development in Nigeria. Dr. Goodluck Ebele Jonathan GCFR,


President and Commander-in-Chief of the Armed Forces of the Federal Republic of Nigeria, commissioned the project on 25 June 2014 at a ground breaking ceremony held in Abuja at Wawa District - the project site where a model of the city is currently on display.


STRUCTURE AND DESIGN Te master-plan of the project has three iconic features – Africa Tower, scaling high at 308 metres, Te Mall of Africa and a 30-hectare Nigeria Heritage Park. Africa Tower will be the tallest building on the continent while the mall will be


expertviewmagazine.com


STAKEHOLDERS Te Abuja Centenary City project is being developed by Eagle Hills, an Abu Dhabi-based investment company. UK company Sterling Partnership has been appointed as Legal Advisers for the $18.5 billion project and Price Waterhouse Coopers have been appointed Financial Consultants. Construction works have begun on the first phase which is expected to be completed in four years. According to the Executive Director of Eagle Hills, Mr. Jaimal Shergill, ‘Te Address and Residence’ will comprise a combination of residential and hotel spaces, spanning across 25 hectares of land with world class amenities, restaurants and more, creating 87,000 jobs. Centenary City’s self-sustaining centre is the


first such urban environment with this concept at its heart. It will be socially and economically viable and with its integrated sustainable urban planning - functional diversity, walkability and sustainable transportation, as well as environmental aspects, blue-green infrastructure, energy demand and waste management – it should be a blueprint for Africa’s cities of the future.


EV For further information go to www.eaglehills.com EXPERTVIEW SPRING 2015 41


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