EKO ATLANTIC : OUR AFRICAN DUBAI

Lagos State ,the city of hustle and bustle , the most populous state in Nigeria with over 15 million residents. The city believed to be the economic strength of the Nation.

Majority of the biggest industries operating in Nigeria are located in Lagos. It is the first stop for most foreign investors. Lagos has being described by so many as the “New York of Nigeria”. Most believe that the bulk of Nigeria’s money is stashed in Lagos.

Aside over population another major issue the state has continue to battle with over the years is flooding and coastal erosion caused by the Atlantic ocean. Hence in a bid to search for permanent solution to this the idea of “EKO ATLANTIC” was born. Between 2003 and 2005 South Energyx Nigeria Limited, the developers and city planners of Eko Atlantic, engaged in a feasibility study with international experts to solve the problem once and for all.

Lagos state is today building the city that has been predicted to become the financial centre of West Africa in 2020. The scale of the Eko Atlantic project is immense and private individuals and companies who have the knowledge and expertise to transform land lost to the power of the sea into an ocean-front city have been put together to build “one of the wonders of the 21st century”.

The city, an ambitious development variously described as tomorrow’s Lagos, Africa’s Dubai, etc, will be sitting on ten million square metres of reclaimed land from the Atlantic Ocean and is anticipated to be the largest economic hub in West Africa. It will have 400,000 residents and a daily flow of 250,000 commuters

The city will satisfy needs for financial, commercial, residential and tourist accommodations with a state-of-the-art high-tech infrastructure in line with modern and environmental standards. These standards will offer the city’s residents modern water, waste management, security and transportation systems. Eko Atlantic will also have an independent source of energy generated specifically for the city.

Prime investment property opportunities are available for private companies and individuals. Investing in Eko Atlantic captures the potential of a continent, which many acknowledge as the world’s most promising new investment horizon.

 

Eko Atlantic would create a wealth of new investment opportunities for individuals, companies and organisations who want to invest in Africa.

Around 250,000 people will live in the city with 150,000 more commuting into work each day, so the potential for business opportunities in Nigeria will continue to grow even when the construction phase is complete.

Nigeria is Africa’s most populous nation. By 2050, the country is anticipated to reach well over 400 million people. With massive oil reserves and natural gas, Nigeria is also Africa’s second most productive economy. Nigeria’s current and projected annual GDP growth averages over seven per cent.  Lagos is to become the financial hub of Africa. With its wealth of facilities and infrastructure, Eko Atlantic will help make this possible, and its investors will stand to gain enormously.

 Eko Atlantic is more than just a city. It is an Investment, a business opportunity, a landmark and a stepping stone not just for Lagos but for the whole of Nigeria and West Africa.

Investing in NIGERIA has never been more attractive.

INVEST IN TURKEY

Turkey is still a fresh market for African investor. When it comes to investing in Europe most Africans are silent on relocation or opening a business in Turkey. That market which seems untapped is beginning to gain major grounds as a profitably market for foreign investors

Despite the ongoing economic crisis, the world has been fighting for several years, Turkey is still one of the booming and stable markets to invest in according to the data provided by the different world economic and statistics institutions.

According to IMF, Turkey is an emerging market economy , hence  is one of the world’s newly industrialized countries. The country is among the world’s leading producers of agricultural products; textiles; motor vehicles, ships and other transportation equipment; construction materials; consumer electronics and home appliances. In recent years, Turkey has had a rapidly growing private sector, and still plays a major role in industry, banking, transport, and communications.

. We  have listed out some reasons why African investors need to invest Turkey

1. Turkey is the  16th largest economy in the world and 6th largest economy compared with the EU in 2012

• One of the fastest growing economies in the world
  
• it is expected to become the fastest growing economy among the OECD members during 2012-2017 with an average annual real GDP growth rate of 5.2 percent

2.   Turkey has a population of 74 million with a large domestic market

• 20 million broadband internet subscribers
• 68 million mobile phone subscribers
• 54 million credit card users
• 131 million airline passengers
• 31.8 million international tourist arrivals

3. It is the world’s 13th most attractive destination for Foreign Direct Investment

4. Infrastructure

• New and highly developed technological infrastructure in transportation, telecommunications and energy
• Well-developed and low-cost sea transport facilities
• Railway transport advantage to Central and Eastern Europe
• Well-established transportation routes and direct delivery mechanism to most of the EU countries

5. It has a highly competitive investment incentives as well an exclusive R&D and innovation support law

6. Around 26 million well-trained and motivated labor force

7. Stable economic growth with an average annual real GDP growth rate of 5.2 percent over the last 9 years

8. Turkey is An important energy terminal and corridor in Europe connecting the East and the West. It has about 70 percent of the world’s proven primary energy reserves, while the largest energy consumer, which is Europe, is located right to the west of Turkey. The country is cornerstone in energy transit and an energy terminal in the Europe.

 For individuals seeking to invest in Turkey , doing so now won’t be a bad idea as the market is still emerging.

Next time we would be detailing out some of the investment opportunities in Turkey hence you might want to bookmark this blog.

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