CONSTRUCTION work is expected to commence soon at the Enyimba Economic City, along Aba-Port Harcourt Highway, as the Abia State Government, a Chinese largest textile manufacturer; Ruyi Group and Geometric Power Company, Aba, have signed agreements for the commencement of the new economic city, as well as roll out of uninterrupted power supply to Aba area of the state.

The agreements were signed at the Corporate Office of the Ruyi Group in Beijing, China, with the company signing three different Memoranda of Understanding to kick-start her investment in Abia State.


The Ruyi Group, which insisted that it won’t invest anywhere unless it is assured of regular power supply, signed an agreement with Geometric Power Company, Aba, as co-owners of the power generation and distribution firm.

Prof. Bart Nnaji, the CEO of Geometric Power Company, Aba, Abia State, signed the agreement with the Ruyi Group for equity investment in the Geometric Power Company to enable the Chinese firm to mobilize immediate funds for the completion and start-off of the Geometric Power Plant at Osisioma, near Aba, Abia State.

Also, Mr. C.Darl Uzu signed another agreement with the Chinese firm for the anchor investment of Ruyi Group in the Enyimba Economic City while a third agreement was signed for the promotion of greater trade partnership between Nigerian businesses and their Chinese counterparts.

Speaking while welcoming the delegation, led by the Governor of Abia State, Dr Okezie Ikpeazu, the Chairman of Ruyi Group, Mr. Qiu Yu Fan expressed delight that after one year of due diligence by his company and several exchange of visits, the investment is set to come to fruition.

He noted that his company has decided to diversify her operations into Africa and they have chosen Nigeria, Egypt and Ethiopia as new frontiers and emphasised that he chose Nigeria because of the doggedness of Governor Ikpeazu.

The Chinese firm is investing in Kano, Kano State, Lekki, Lagos State and Aba, Abia State simultaneously, with Abia State enjoying greater part of the investment portfolio courtesy of the agreements with Geometrics and Enyimba Economic City.

https://www.vanguardngr.com/2018/06/enyimba-economic-city-abia-ruyi-group-geometric-sign-agreements/amp/

Lalasticlala

This is going to be a great opportunity for the youths

abeg bikonu,deliver aba from eedc.

Geometric better pass eedc.
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By the time igbos decide to deal with this country... It will be total and absolute.
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People wey been dey stay for fence before don dey show interest... I laugh....