NAIROBI, Kenya, Jan 30 – Rendeavour, the owner and developer of Tatu City, has launched a new project in Nigeria dubbed Alaro City.
In a statement, the company says the construction of the city is in partnership with the Lagos State Government.
Like Tatu City, Alaro will include a mixed-income, city-scale development with industrial and logistics locations, complemented by offices, homes, schools, healthcare facilities, hotels, entertainment and 370 acres of parks and open spaces.
Founder and CEO of Rendeavour Stephen Jennings said the new city is expected to boost foreign direct investment in Nigeria and create tens of thousands of jobs.
“We are proud and delighted to be bringing our successful inclusive city model to Nigeria and Lagos State, the heart of the country’s vibrant economy. Our partnership with Lagos State will ensure that Alaro City is an economically sustainable city open to all Nigerians,” Jennings said.
The city will be in the North West Quadrant of the Lekki Free Zone. Alaro City lies in the growth path of Lagos, one of Africa’s fastest-growing cities with a population of over 20 million.
It is adjacent to the future international airport, the region’s largest deep-sea port and major Nigerian and international companies.
Rendeavour is building seven new cities in Africa: in Kenya, Nigeria, Ghana, Zambia and Democratic Republic of the Congo.
The company invests over $250 million in each project, creating the infrastructure and living and working spaces that will help sustain and accelerate Africa’s economic growth, meet the aspirations of Africa’s burgeoning middle classes, and serve as a catalyst for further urban development