A synergy among a multinational firm, Rendeavour, Lagos State government and Universal Homes has given birth to Alaro City in Ajah, Lagos State, writes Okwy Iroegbu-Chikezie.
Africa’s largest new city builder, Rendeavour, which cquired over 12,000 hectares to build Alaro City in Ajah-Lagos, has delivered 500 units.
The project is a synergy among the firm, the Lagos State Government and Universal Homes through their subsidiary – North West Quadrant Development Company (NWQDC).
NWQDC has received the nod of the Federal Government, through the Nigeria Export Processing Zones Authority, to develop and manage Alaro City.
The city is a mixed-income scale development with areas earmarked for offices, logistics and warehousing, homes and schools.
Others are healthcare facilities, hotels, entertainment, parks and open spaces.
Ariel Foods is a multinational food factory based in Alaro City.
Lagos State Governor Sanwo-Olu, who was represented by the Permanent Secretary, Ministry of Commerce, Dr. Bola Balogun, inaugurated the city, which has investments in housing, construction materials and equipment, soap and detergent production, media and energy.
Other firms unveiled include BUA Group, Universal Homes, Sana Industries, and HMD Africa.
The Nation learnt that the Ariel Foods factory covers 15,414 square meters with a yearly production capacity of 18,000 metric tonnes.
It was further learnt that Universal Homes is bringing its high-quality, and priced apartments to Nigeria, in partnership with Alaro City, to deliver the first phase of Unity Homes.
Rendeavour Chief Executive Officer, Stephen Jennings, explained that Universal Homes is a developer of inclusive communities.
He said: ‘’Every home comes with high-quality build and fittings as standard, with all goods, fixtures and equipment being competitively sourced from ISO 9001 registered suppliers and are subjected to stringent quality control.
‘’Our homes also minimise energy and maintenance expenses for the owners, featuring high-efficiency light bulbs and solar water heating systems as standard.”
He explained that Sana Industries is developing the 43,000-square metre site as a multi-building manufacturing estate for products that will serve the needs of Nigerians.
Jennings said the products will include concrete blocks and pre-formed paving products; a range of environmental-friendly foam-cored sandwich panels; construction chemicals and coatings; and industrial doors.
HMD Africa, according to him, plans to establish a distribution centre in the city’s light industrial district for heavy machinery, equipment and spare parts for West Africa.
Sanwo-Olu said the confidence international and foreign investors reposed in the project is a testament to Alaro City as the location of choice for businesses in the Lekki Free Zone and to the ease of doing business in Lagos State.
Jennings said in the one year since construction started in Alaro City, power, water, sewerage had been provided.
“Together, we have created an enabling environment for business and, indeed, improved the ease of doing business in Lagos State and in Nigeria.
‘’On behalf of my fellow investors in Rendeavour, from the United States, United Kingdom and Norway, we are proud to be bringing significant foreign direct investment to Nigeria. We have a long-term commitment to Africa, and to Nigeria,” he said.
He continued: ‘’Alaro City is a symbol of our commitment to Nigeria, and of the continuity of a partnership anchored in three administrations of the Lagos State Government.
It is also a symbol of the significant market demand for a high-quality, inclusive city-scale development designed for business and living.
With the first 1,000 hectares of Alaro City activated, we already see demand outstripping supply, and investors ready to bring capital to activate strategic locations such as portions of the city’s earmarked and the second 1,000 hectares with waterfront access.”
Ariel Foods Chairman, Dhiren Chandaria, said: ‘’Ariel Foods is proud to expand its production to Nigeria, and to play a major role in food and population security in West Africa through the production of Ready-to-Use Therapeutic Foods to feed malnourished children and to supplement the diets of persons with special nutrition requirements.’’
Universal Homes Executive Director, John Latham, said: ‘’With 2,000 homes completed and under construction in Kenya, Universal Homes is bringing its high-quality, accessibly priced apartments to Nigeria, in partnership with Alaro City.
‘’We are pleased to play a role in the housing agenda of Lagos State and to be the pioneer residential development in Lekki Free Zone surrounded by amenities like shops, schools and healthcare and quot.’’
According to him, the first phase of Unity Homes at Alaro City will feature up to 500 apartments, starting at USD 55,000 (N20million), with future phases expanding the project to 2,000 apartments.
Founder Sana Industries Alaa Alghadban said: ‘’Sana Industries’ decision to locate in Alaro City was deliberate, because we want to grow our business in a modern, integrated community, with a full range of essential services such as roadways, electricity, water and waste removal.‘’