Mota-Engil attacks Nigeria with an alliance with a local conglomerate

Mota-Engil adds Nigeria to the list of priority markets in Africa. The Mota Group has entered into a partnership with Shoreline Group, a conglomerate based in Nigeria, operating in the sector Oil & Gas Energy, Engineering, Construction and Telecommunications.

It is one of the major groups of the African continent, with investments in countries such as Angola, Uganda or Kenya, and Europe (France, Germany and United Kingdom) and Asia.

The alliance will give birth to Mota-Engil Nigeria Limited According to the statement of Mota-Engil, the partnership for the Nigerian market was signed today by Manuel Mota, president of African holding company based in Luanda and Kola Karim, founder and president of the Shoreline group. Kola Karim, was named by Forbes in 2014 as one of the 10 most influential men in Africa.

"His Highness, the Emir of Kano will be the president of the company."

The agreement was concluded during the "

Construction and concessions

Mota-Engil Nigeria" will focus on its activity the execution of construction contracts, aiming to become an operator reference, taking in order to bid for major infrastructure and construction competitions that will take place in Nigeria in the coming years. "

Mota-Engil Nigeria's ambition is not exhausted in engineering and construction projects." Both partners intend to "diversify investments to strengthen and develop" the project. business activity, seeking to "leverage their strengths in other areas." The company "will identify projects of concessions and public-private initiatives likely to The two groups emphasize that this Luso-Nigerian alliance "is the culmination of several months of negotiations", in view of "a fruitful relationship to operate in an economy as relevant as Nigerian. "

Nigeria becomes the 15th African market of Mota-Engil, a multinational with direct operations in 28 countries