ABOUT
EKO ATLANTIC

An Investment Opportunity On An Unprecedented Scale

Eko Atlantic is an entire new coastal city being built on Victoria Island adjacent to Lagos, Nigeria. It is a focal point for investors capitalising on rich development growth based on massive demand – and a gateway to emerging markets of the continent.

On 10 million square meters of reclaimed ocean land, shielded by an 8.5 km sea wall, Eko Atlantic rivals Manhattan’s skyscraper district in size. It embodies self-sufficiency and sustainability with cutting-edge urban planning, power generation, pristine water supply, advanced telecommunications, expansive roadways, and tree-lined streets

ECONOMICS

The project is privately funded by South Energyx Nigeria Limited – the developers and city planners, a subsidiary of the Nigeria based Chagoury Group of companies – working in strategic partnership with the Lagos State Government and supported by the Federal Government of Nigeria.

Notable national and international banks have been quick to capitalise on the opportunities with some of Nigeria’s biggest – FCMB, First Bank, Access Bank and Guaranty Trust Bank – partnering with Eko Atlantic, with support from BNP Paribas Fortis and KBC.

For savvy investors, Eko Atlantic City represents far more than just surging Lagos land value. As Nigeria continues its unstoppable trajectory to become the financial capital of Africa, investing in Eko Atlantic opens unprecedented opportunities for tapping into the wider potential of the continent as a whole – widely recognised as the world’s most promising growth horizon.

ENGINEERING AND TECHNOLOGY

Eko Atlantic is a marvel of modern engineering and technology, and a testament to the rise of Nigeria on the world stage.

This new city has evolved rapidly from a visionary design concept into a technological reality. Infrastructural road works andunderground surface drainage pipes are already laid along major routes across the new city.

All bridges in Phase 1 & 2 of the project havebeen completed. And the Great Wall of Lagos sea revetment, which is being built more than two kilometres offshore at eight-and-a-halfmetres above sea level, has surpassed 6 kilometres in length and is now protecting over 6 million square metres of Eko Atlantic andVictoria Island.

Across Eko Atlantic, independent reliable electricity, advanced fibre optic telecoms, and clean water utility services are alreadyinstalled below street level. With the foundations in place, this magnificent engineering and technological city is now rising.

Project Timeline

FULL TIMELINE

November 6, 2018

Viewed from the east, the development of the 3 Azuri Peninsula towers on the right, two Eko Pearl towers in the centre, and the Alpha 1 office tower on the left

November 6, 2018

A profile view of the Eko Pearl Residential Towers

June 25, 2018

The expressway on the south side (on the right of the picture) has been completed, while the north side of the expressway remains in its current state to allow for construction vehicle access.

June 25, 2018

A completed section of the road network in Eko Atlantic.

June 25, 2018

A night image of the 3 towers of Azuri Peninsula under construction.

August 21, 2017

The entrances and exits to the Canals are now complete. Drivers will be able to access the East and West expressways in the lower level of the city via these roadways. The expressways will be built alongside the canal.

ARTICLES

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