Lee Group unveils $1.8bn industrial park in Ogun
Lee Group of Companies is developing a $1.8bn industrial park in Ogun State, expected to host over 29 factories and create more than 2,500 jobs. Read More: https://punchng.com/lee-group-unveils-1-8bn-industrial-park-in-ogun/
The Lee Group of Companies Ltd has unveiled a $1.8bn industrial park along the Lagos-Ibadan Expressway in Ogun State, Nigeria. The 450-hectare First Industrial Park is set to house over 29 manufacturing factories, which will generate more than 2,500 direct and indirect jobs. The project, expected to have a gross development value of $3bn, will be a significant contributor to Nigeria's manufacturing sector and economy.
The industrial park will feature various facilities such as residential areas, power stations, banks, shopping malls, showrooms, bonded warehouses, parking bays, communication facilities, conference centers, and recreational facilities. It is strategically located near the Sagamu Interchange, providing businesses with access to major markets, transportation networks, and logistics services.
The development is expected to boost economic activities in nearby communities, stimulate employment opportunities, and strengthen Ogun State's reputation as a preferred destination for industrial growth.
Written by urgent.news from Punch's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
Also reported by 1 other outlet
- Lee Group unveils $1.8bn industrial park in Ogun punchng.com
