Abia International Industrial City (ABIIC) Project is a component of Real Alternative Vision Project (RAVP) of Acroideation International Limited, born out of the compelling need of the African Oriented Economic Development Strategy.
2. 2
Recreation &
Entertainment.
Banks & Offices
Shops
ABIIC
Warehouses
Industrial
Clusters
Hotels&
Residences
ABIIC Overview/Ecosystem
68,000+ shops/spaces & 1,000 housing units on a 300 Ha land mass in Osisioma(1Km from Aba),
Abia State
3. Where we are? – Key Deliverables
3
Initiation( 2011 till
Aug 2013)
• Project approved
and accepted by
ABSG
• Signing of ABIIC
MOU
• ABIIC Ground
breaking –Aug ‘13
• Site identification &
Acquisition – May
‘13
• Survey & mapping
• Presentation
Drawings
• Initiation Meeting
Planning (2012 till
Aug 2013)
• Design of
conceptual Master
plan
• Financial Planning
• Engineering &
Infrastructure
working drawing
• Building plan
approval
• Project
Management &
Admin
• Off-takers’
agreements
• Advert & Marketing
Execution (Aug
2013+16months)
• Media Chat – Sept
‘13
• Site clearance and
setting out
• Site organization
• Setting out of
infrastructure works
• Setting out of sub &
super structures
• Assignment of stalls
& spaces to off-
takers
• Operations &
Management
4. Where we are going? – Milestones
4
Sign MoU
– May
2013
Identify &
collate off-
takers -
Jun – Dec
2013
Working
drawings &
approval –
June/July
2013
Mobilization
to site &
ABIIC Ground
Breaking –
Aug 2013
Commission
ABIIC Phase
1 - Dec 2014
From a disturbed, disorganized and dysfunctional but
HIGH potential Aba market
To an
organized, functional
and high yield world
class industrial city
Current Activities
5. How?- High Level Timelines/Funding Gap
5
Stage 4 – Phase 1 Handover ( November 2014)
Phase 1 handover to shop owners
Commissioning of phase 1 : 34,000 shops + 500
housing units
Stage 3 –Phase 1 Implementation ( Aug 2013 till Nov2014) – N10,000,000 to N2,000,000,000
Site organization
Setting out of infrastructure
and buildings
Development of buildings
Stage 2 – Implementation ( May to August 2013) – N40,000,000
Land
acquisition/compensation
Site plan & drawings Site clearance Ground breaking
Stage 1 – Administration & Documentation (2011 to May 2013) – N10,000,000
Project buy in & approval Project sign off
Off takers collation & financial
modeling
NOTE: Refer to GWP & FOB for details
6. Benefits to the investor.
6
ROI of Capital
invested 90
days after
ground breaking
ceremony
0.5% equity in
ABIIC OR Right of
1st refusal to
manage ABIIC
hotels
Medium &
Long Term
Investor’s
Benefits
7. 7
“What the mind can conceive and
believe, the mind can achieve”
Quote of the day…
ABIIC
Vision
Value
Creation
Innovation
