Real estate is a key factor for foreign direct investment growth

👤By Anthony Ebere 📅August 05, 2023🏷Real Estate||Growth

Investment growth

REAL ESTATE IS A KEY FACTOR FOR FOREIGN DIRECT INVESTMENT GROWTH

Amen City Ltd, to Deliver 4,000 Housing Units by 2025

Lagos-based real estate firm, Amen City Ltd, has urged the Lagos State Government to transform the real estate sector by introducing reforms capable of improving Nationally and in the Diaspora investors for participation.

The firm noted that Real estate is a key factor for foreign direct investment growth including the socio-economic growth, if the enabling environments are provided.

The Managing Direction/Chief Executive Officer Mrs. Folasade Balogun, said this at the opening of multi-billion-naira Amen Estate Phase 2,3,Tiara By Amen city Ltd and Amen City Free Trade Zone in Ibeju-Lekki, Eleko and the Lekki Free Trade Zone Axis. He observed that numerous opportunities could be harnessed through the sector, especially in the Lekki-Epe Lagos if needed reforms are introduced.

She said: “I’m anticipating new opportunities in real estate. The new administration should bring about foreign investments and increase economic activity in Lagos and Nigeria at large, irrespective of the limitations on ground.”

Mrs Precious, the General Manager (Sales Department) of Amen City Ltd, said the group is introducing smart houses in the hospitality industry. “The hospitality industry has a lot of potential; people are looking for places where they can relax. Prices of property and accommodations in Lagos have surged because there’s scarcity of quality houses,”.

The hospitality industry in Nigeria is growing, while the gap in the sector requires improved investment and more projects to meet the demand in the real estate market.

Meanwhile, Amen City Ltd, plans to construct more than 2,500 homes in Lagos State, which is goin to be situated facing the Lekki Epe expressway, with a legal Land title document of Certificate of Occupancy in the new hub, both for residential and commercial land use for investment on the Island of Lagos.

Managing Director of Amen City Ltd, Mrs Folasade Balogun, who honourably disclosed this in an interview, She explained that the project would have amenities such as schools, fire stations, a police station, well-paved roads, green areas and renewable energy sources, artificial lakes, helipad spaces, mini golf course, recreational centre and lot more, including it estate amenities. Funds for the project were already available, adding that construction work had commence in our various Amen Estate Series.

In this article,
Mrs Folasade Balogun,
Lagos State Government,
Amen City Ltd.
Real Estate||Growth

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