The development of the $18 billion Centenary City Abuja will commence Monday, with the launch of its first co-development opportunity known as “The Grove.”
The massive city is within the proximity of Nnamdi Azikiwe International Airport, Abuja, and being developed by Centenary City Developers FZE, a joint venture between Front Range Developers, investors from the United Arab Emirate, UAE, and Centenary City Plc.
The Grove project, according to the investors, will spread over a total construction area of 91,000 square meters with a total of 236 units of 5-bedroom terrace houses.
The project will feature a stylish and contemporary design, as well as landscaped gardens and a Club House with a gymnasium and swimming pool.
It also connects Downtown Centenary City where residents will have access to the retail, food & beverage, as well as, entertainment options at the Nigeria Mall to explore.
The project will be a prized investment for those seeking a premium residential lifestyle experience in a dynamic, multi-cultural community.
Mr. Jaimal Shergill, Executive Director of Front Range Properties of the UAE said: “After a thorough due diligence and confirming all the approvals are in place, we are confident to launch The Grove, in Centenary City.
“This location is one of the most promising in Centenary City for its access to Centenary City’s lifestyle and entertainment hotspots, making it an excellent investment for buyers and investors. It is also near the Range Safari Park, the First Urban Safari Park, which is coming to Abuja soon.”
On his part, Dr, Odenigwe Ike Michaels, Jr. the Managing Director (MD) of Centenary City Plc, stated: “We are pleased that our strategic partners from the UAE are acting on their convictions on Nigeria while others wait.
“This is because Centenary City has all the approvals to go ahead with the development of the projet, the support of the federal government and the investment from UAE.
“Front Range Developers, supported by Image Investments LLC, an Investment Company in the UAE, would soon demonstrate a faster pace of project development with all phases of the Centenary City Project developing rapidly.”
The Managing Director of the Nigerian Export Processing Zones Authority, NEPZA, Mr. Emmanuel Jime, had last month, assured to clear obstacles hindering the take-off of the Abuja Centenary Economic City Free Zone, adding that had paved way for its implementation.
Jime, who said the Centenary City, Abuja, was conceptualized and initiated at the same time as Eko Atlantic City, expressed happiness that the project was about to witness a gigantic leap.
He revealed that with the Centenary City, Abuja, there would be no need for Nigerians to go abroad for shopping and tourism, adding that this would also stem capital flights occasioned by Nigerians visiting places like Dubai and the United States of America.