Eko Atlantic is a new coastal city being built along the Atlantic oceanfront in Victoria Island Lagos, Nigeria.
Firstly to address the dramatic impact of coastal erosion and to solve the chronic shortage of real estate in the world’s fastest-growing megacity.
Approximately ten square kilometers of land reclaimed from the Atlantic Ocean.
Upon completion, the city is expected to cater to the needs of financial, commercial, residential, and tourist spaces. The city will provide several thousand residential and commercial accommodations, a hospital, an international school, and be a major tourist site with multiple attractions.
More than 300,000 residents
150,000 daily commuters.
The project boasts of the latest technologies and innovations in infrastructure development in line with modern and environmental standards. A carefully designed road and interchange network, an independent power system, state-of-the-art water, and waste management system, and security will provide full autonomy to the new city.
Eko Atlantic development is being carried out as a Public-Private Partnership with private companies and investors providing the funding and technical expertise, Lagos State Government is a strategic partner with the support of the Federal Government.
The project is already at an advanced stage of development, with several buildings fully erected and occupied.
The project began as a request by the Lagos State Government to find a more resilient and cost-effective solution to the multi-year chronic need to carry out sand refills along the coastal line, to avoid violent floods causing human losses and destruction of habitats and businesses.
There is a strong likelihood that without such fortification or expansion, a large part of Lagos would have collapsed due to the effects of heavy ocean and marine waves on the coastal fronts in the absence of these protective efforts.
The city could provide useful insights into helping African cities adapt to climate change.
To address and advance the solutions to African cities’ adaptation to climate change through the pioneering approaches implemented by the company.
Other African cities face equally dramatic impacts of climate change.
To help build resilient future cities and/or support fortification of coastal cities to safeguard development and ensure environmental protection; etc.
Institutional investors, such as Pension funds, etc
Shift focus away from a purely high-end real estate investment.
DFI investments, foundations, institutional and private investors.
The Eko Atlantic City project is privately funded by South Energyx Nigeria Limited, the developers and city planners. It is a subsidiary of the Nigeria-based Chagoury Group of companies.
South Energyx Nigeria Limited is in a strategic partnership with the Lagos State Government, and the project is also supported by the Federal Government of Nigeria.
Notable banks such as FCMB, First Bank, Access Bank, and Guaranty Trust Bank are partnering with Eko Atlantic City to capitalize on the opportunities presented by the project. This partnership is aimed at supporting the development, with additional support from BNP Paribas Fortis and KBC.
For savvy investors, Eko Atlantic City represents more than just surging Lagos land value. As Nigeria aims to become the financial capital of Africa, investing in Eko Atlantic City opens unprecedented opportunities to tap into the wider potential of the continent, recognized as the world’s most promising growth horizon.
Investing in Eko Atlantic City is seen as a strategic move to tap into Africa’s potential as Nigeria strives to become the financial capital of the continent. The city provides opportunities for investors to be part of the world’s most promising growth horizon.
No, Eko Atlantic City is not limited to local investors. It attracts national and international banks, making it an opportunity for both local and international investors to benefit from the project’s potential.
National and international banks, including FCMB, First Bank, Access Bank, Guaranty Trust Bank, BNP Paribas Fortis, and KBC, play a significant role by partnering with Eko Atlantic City to provide financial support and capitalize on the opportunities presented by the project.
Eko Atlantic City aligns with Nigeria’s goal to become the financial capital of Africa by attracting strategic partnerships with the government and support from notable banks. It positions itself as a key player in Nigeria’s trajectory towards economic prominence on the continent.
The main feature of The Business District is the two-kilometre long and 60-meter wide Eko Boulevard, which encompasses a total area of 700,000 square meters.
The Business District will be a powerhouse for corporate, financial, and retail activities.
Eko Boulevard is located in the heart of Eko Atlantic City. It is a two-kilometre long and 60-meter wide boulevard, comparable in size to the Champs-Élysées in Paris or Fifth Avenue in New York.
Along Eko Boulevard, an array of towers with an average of 35 floors will stand, turning the area into a powerhouse for corporate, financial, and retail activity.
The scale of Eko Boulevard indicates various opportunities for major businesses, including trading floors, open space offices, corporate headquarters, and branches.
Eko Boulevard is considered the place to establish your business because of its impressive scale and the diverse opportunities it offers for major businesses, ranging from trading floors to corporate headquarters.
Central Boulevard offers a range of spaces for businesses, including global trading floors, prestigious office spaces, corporate headquarters, branches, and major outlets.
Central Boulevard plays a crucial role in turning the Business District into a powerhouse by providing spaces for global trading, prestigious offices, and corporate headquarters, contributing to corporate, financial, and retail activities.
