(+234) 01-2706489 | info@mmcc.ng

INDUSTRIAL PLAN

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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.

What Makes Us Special

1

Security

Security in the Estate will be accorded the highest priority possible and so a specialized Estate Security unit managed by a firm chosen through a stringent qualification process will be put in place.

 

 

2

Financial Partner

MMCC is in advanced discussions with Tianjin Energy Production Company (TEPC),a subsidiary of the Chinese Conglomerate, China Energy Engineering Group (CEEC). TEPC is the financial and technical partners to MMCC on the project. At the same time TEPC is ready to enter into a build, operate and transfer (BOT) arrangement with CIE for the construction of a 1200 MW Gas Turbine generating plant at CIE. The expected total cost of the Gas Turbine investment is US$1.2 billion. Details of the BOT arrangement has not been finalized but the project will be financed solely by TEPC.

 

3

Keys to Success

The four critical keys to success for the proposed new estate are: Employ an experienced, highly professional management team that combines vision, financial management ability, solid multi-disciplinary skills, familiarity with and application of the latest electronic and information technology tools and techniques, and on-the-ground knowledge of the country and the business environment; Intelligent, progressive, and aggressive marketing that recommends MMCC a unique real estate developer; A pricing regime that is competitive and yet does not endanger the company’s capacity for sustained growth. Establishing a high level of operational oversight and quality control that will ensure that the company always lives up to its marketing commitments and fulfils the promise of a high level of service.

CREEK INDUSTRIAL ESTATE PHASES