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Housing Project: Malaysian Investors Arrive

04.29.2008

Malaysian delegation for the  $600 million Malaysian Gardens housing project soft launch, billed to hold tomorrow, at the Federal Capital Territory, Abuja, has arrived Nigeria.
 The high power delegation, led by Ms Wong Yim Hing,  Malaysian Director of Global Formwork, the project initiator, also has Malaysian investors and banking officials of leading Malaysian financial institutions, such as the Malaysian EXIM Bank, May Bank Malaysian and the Malaysian External Trade Development Corporation (MATRADE).
Speaking on behalf of the team, Hing expressed the team’s happiness at the soft launch,  and the tremendous interest the  investors are showing in investing in Nigeria, as one of the fastest growing economies in the African continent.
“We are indeed happy to be here and  members of my team who are mostly leading Malaysian investors and bankers, are excited to be part of the on-going economic progress in Nigeria..
 “This explains why we are here to witness the soft launch of this project in  Abuja, and explore areas of economic interest with our Nigerian business partners,” she said.
The  ceremony will be chaired by Chief Emeka Anyaoku, former commonwealth secretary general, with the honourable minister of the federal capital territory, Dr Aliyu Moddibo Umar, as the special guest of honour.
The soft launch will also be used by Global Formwork, to showcase work -in-progress at the project site to Nigerians and at the same time, provide them the opportunity to acquire any of the house types at a highly discounted rate.

 
Nigeria should learn from Malaysia—Anyaoku E-mail
Thursday, 01 May 2008
 
Chief Emeka Anyaoku, the former Commonwealth Secretary-General, said yesterday in Abuja that Nigeria had lessons to learn from Malaysia. “We have important lessons to learn on how Malaysia leap-frogged the different stages of economic development,’’ Anyaoku said at the inauguration of Malaysia Gardens Estate.

“At independence in 1960, we had a comparable level of development with Malaysia, but they have since overtaken and moved ahead of us,” he said.

He said Malaysia was now renowned for its architectural masterpiece, housing, roads and other infrastructure.
He commended the Nigerian and Malaysian governments and the company involved in the construction, for the initiative of a housing estate in the country.

Anyaoku said there was the need for the transfer of technologies, which he described as an important aspect of development.
The Malaysian High Commissioner to Nigeria, Mr Mohammed bin Iging, said the estate was a demonstration of the cordial relationship existing between his country and Nigeria.

He said Malaysia would continue to work toward closer ties with Nigeria, in view of the similarities in their political experience.

Good Afternoon! Thursday September 08, 2005








Malaysian village model in Abuja
By Jimmy E. Asiegbu
Tuesday, September 6, 2005

The dialectics of housing in Nigeria is long drawn. Under the present democratic dispensation and with the implementation of the reform and open policy of the Obasanjo’s administration, there has been more concentration on economic development and accelerated progress in industrialization, urbanization and information technology which has greatly enhanced the nation’s economic strength and exposure to the international community.

With the adoption of series of policies and measures, great progress has equally been made for the housing sector.

The President of Federal Republic of Nigeria, Chief Olusegun Obasanjo and the Honorable Minister of Federal Capital Territory, Malam Nasir El Rufai have not being doing bad after all in attracting foreign investments into the country if they are able to pull through the recent concluded negotiation between the Malaysian Government through Global Formwork (Nig.) Ltd. and the Ministry of the Federal Capital Territory, Abuja.

The agreement calls for the establishment of a modern city in Abuja with a state of the arts facilities and amenities as is available in modern cities of the civilized World, such as United States of America, except that this one will have a combination of Malaysian and Nigerian touch. It has been named "The Malaysian Gardens" and is located in Saraji District of Abuja. The negotiation which started in 2004 is finally coming to fruition with a final go ahead letter dated February 23, 2005 written to the Managing Director, Global Formwork (Nig) Ltd., Mr. James Wong Po-Kwan by the office of Federal Capital Development Authority, Abuja.

The bold step of this Project’s initiator in bringing Malaysian investors known for the past 30 to 40 years for their technological advancement all over the Asian countries must be commended.
The "Malaysian Gardens – Saraji" Project which is estimated to cost over Four Hundred Million Dollars ($400 Million) calls for a development of a parcel of land measuring approximately 510 square hectares situated at the Saraji District of FCT into a full-scale Residential Housing Complex. The project may well be the first collaboration between Nigerians and Malaysians to develop a residential housing complex of this scale using mostly foreign materials, management and technology and where possible, indigenous Nigeria products and materials will be incorporated.

The projected is located at a strategic prime location in Phase 3 of the Federal Capital and will be accessed from four main entrances: the two Southern Ring Roads, Airport Road and Alhaji Shehu Shagari Road. To ensure a free flow of traffic within the location, a network of main and arterial roads will be evenly distributed.

The Project is a ten year lease development program by Federal Capital Development Authority (FCDA) though Global Formwork (Nig) Ltd plans to complete the project within four years. Phase one of the construction work which consists of approximately 7000 units will commence in the first quarter of 2006 and is expected to be completed within 24 months and the balance of 7045 units within the next two years. Malaysian Gardens consists of four residential precincts, commercial center, public utilities and amenities. Global Formwork has designed the housing types to be affordable thus creating and providing opportunity for Nigerians of all income grades, including those in Diaspora to own houses of their choice with all essential and year round functional amenities. When fully developed, it will consist of 14,045 residential units and other facilities.

The total population is expected to be between 50,000 to 70,000. Upon completion, the firm will implement a modern professional and socialized real estate management know-how and system for the management of the residential units and other facilities/amenities to create a clean, graceful, safe and convenient living environment within the estate.

The Project’s success as a modern and dynamic township will be guaranteed with the support and blessing from Federal government and unalloyed assistance of Malaysian High Commission in Nigeria and the commitment of two Nigerian Banks, Intercontinental Bank Plc and Fidelity Bank Plc.
It is understood that the Malaysian Gardens Satellite Town will comprise of the residential precincts Communal Facilities, commercial Facilities, Public Utilities/Amenities Educational Institutions and Wireless internet Connectivity.

There will be a total of 14,045 housing units which will cater for various income earners in the country. Advanced construction and innovation will be introduced into the construction of the housing units and which will be a great challenging opportunity imparting a lot of technology to Nigerian construction sector. All the housing types are thoughtfully designed by international architect with collaborative effort from Nigerian professionals, and will be provided with high quality interior finishes and generous domestic facilities. Optional features in the housing units shall include plasma/LCD TV, Internet Connections, water purifiers and hot water boilers.
The gardens will contain comprehensive community facilities which will also benefit residents of neighboring communities.

The facilities consist of Multi-Purpose Community Centers, Indoor Stadium, Hospital, Medical Centers. Library , Religious/Spiritual Institutions (Churches, Mosques, et cetera), and recreational Facilities such as: Running Track, Green Parks, Sport Fields, Soccer
It will also h have the following features. 80 Shop Houses, Super market, Bus Terminal, a 5 Star-Hotel, Petrol filling Stations, Traditional Market, Business and Commercial Center and Offices.
Modern public utilities that are to be provided shall enable the residents to enjoy a convenient and modern life style.

Each Precinct will be provided with one Primary and Pre-primary school and one nursery center. Higher educational institutions will be developed at the commercial center which will include a Secondary School and Tertiary Institutions.


There is no doubt that Mr. President’s various foreign trips and the fight to eradicate corruption is gaining the trust of the International Communities hence the willingness of the Malaysians to make this Multi-Million Dollar investment in the Country. This project when completed will be one of the numerous landmark achievements of President Obasanjo and Malam El Rufai, the Honorable Minister of FCT, who has worked assiduously through granting of audience on several occasions, which has assisted the developer in making their dream come true. I say, KUDOS to Mr. President for making this a Success.

Asiegbu writes from Los Angeles, USA.


 

 

 

 

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