Appolonia City has a sister city in Nigeria

Company News from Wednesday, January 30, 2019

Source: City of Apolonia

2019-01-30

Rendeavour, developer of Appolonia City, has launched a new project in Nigeria, giving Appolonia City a new sister city in West Africa.

The city of Alaro is built in partnership with the Lagos State Government as a city-wide mixed-income development with industrial and logistical facilities, complemented by offices, housing, schools, health facilities, hotels, recreation and 370 hectares of parks and green spaces.

Just like the impact of Appolonia City on Ghana, Alaro City is expected to boost foreign direct investment in Nigeria and create tens of thousands of jobs.

At a ceremony marking the official start of the project, which already has on-site multinational construction facilities, Alaro City partners shared their vision of the satellite city.

"We welcome the substantial foreign direct investment made by Rendeavour to Alaro, which will further strengthen the Lekki Free Zone as Nigeria's privileged entry gate," said Akinwunmi Ambode, governor of the state of Lagos.

Stephen Jennings, Founder and CEO of Rendeavour, said, "We are proud and excited to bring our successful inclusive city model to Nigeria and Lagos State, at the heart of the country's economic momentum. Our partnership with the State of Lagos will ensure that Alaro City is an economically sustainable city open to all Nigerians. "

Located in the northwestern quadrant of the Lekki Free Zone, Alaro is on the growth trajectory of Lagos, one of Africa's fastest growing cities with more than 20 million inhabitants. Alaro City is adjacent to the future international airport, the largest deepwater port in the region and the main Nigerian and international companies.

Rendeavour is building seven new cities in Africa: Ghana, Kenya, Nigeria, Zambia and the Democratic Republic of Congo. As a lead developer, Rendeavour invests more than $ 250 million in each project, creating the infrastructure, living and work spaces that will help sustain and accelerate Africa's economic growth, meet the aspirations of the growing middle clbades and serve as a catalyst for future urban development. .

In Ghana, Appolonia City is a partnership between Rendeavour and the leaders, leaders and residents of the Appolonia community.

About Alaro City (www.alarocity.com)

Alaro City is a mixed-income urban development with planned areas for offices, logistics and warehousing, houses, schools, health facilities, hotels, recreation and 150 hectares of parks and green spaces.

Rendeavour and the Lagos State Government, through their subsidiary, North West Quadrant Development Company (NWQDC), have designed Alaro City as a market-led 2,000-hectare project.

NWQDC is licensed by both the Federal Government of Nigeria, through the Nigeria Export Processing Zone Authority, and by the Government of Lagos State as the entity responsible for developing, to operate, administer and manage Alaro City.

About Rendeavour (rendeavour.com)

Rendeavour is the largest new city builder in Africa, with more than 12,000 hectares of city-wide developments in the growth trajectories of the major cities of Kenya, Ghana, Nigeria, Zambia and South Africa. Democratic Republic of Congo.

Rendeavour creates spaces for living and working that will help sustain and accelerate Africa's economic growth, meet the aspirations of Africa's burgeoning middle clbad, and serve as a catalyst for further urban development. .