The Conceptual Framework of the Project
The underlying concept of the Creek Industrial Estate (CIE) Project is focused on delivering a group of high quality real estate offerings to the domestic and international market. CIE is a proposed 1,600-hectare integrated real estate development estimated to cost US$2.75 billion (based on the current exchange rates of N320: 00 to USD), on completion, in Snake Island. Snake Island is one of the islands in the Badagry Creek, within Lagos Metropolis. The Island which will be linked by a threekilometre dual carriage bridge to the mainland would be a significant economic facility on the island that already hosts substantial maritime businesses, the first being Nigerdock Nigeria PLC (“Nigerdock”), reputedly the number one maritime engineering firm in Nigeria. The master plan of the Estate provides for an industrial layout dedicated to industries (comprising 50% of the entire land area), and the balance focused on maritime business (utilizing the natural endowments of the island), commercial district, residential, healthcare facilities, leisure and entertainment including a 5-star hotel, 18-hole golf course and theme park.
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