Enugu Govt, group sign multi-million dollar deal on entertainment park, others

Sat, Jan 20, 2024
By editor
2 MIN READ

Business

THE Enugu state Government on Friday signed a multi-million dollar deal with a development partner, DEL-YORK Group, for the establishment of a 042 Arena and entertainment park.

Gov. Peter Mbah stated this shortly after the official signing of the deal at Government House, Enugu.

He said the concept of  the Arena and entertainment park was to develop a multi-purpose sports, education and entertainment hub for all the sports needs, from training facilities for a number of sports and education of the athletes, to become professionals.

The governor added that the concept was also to develop an entertainment centre housing various aspects of the creative industry, beginning with animation and development of film and content making.

Mbah said it would create hospitality hub that houses live work, play facilities such as hotels, residential accommodation, restaurants and cinemas.

The governor stressed that it was a multi million-dollar investment that would bring Enugu back to its preeminent position and make it a premier destination for investment.

He said the state was open for business and ready to partner with any genuine local and foreign investor(s) that would create employment and grow the economy exponentially.

Earlier, the Chief Executive Officer of the DEL- YORK, Mr Linus Idahosa, said 042 Arena and entertainment park would have a sports arena with training facilities, athletes accommodation, a physical therapy and sports medical centre.

He explained that the entertainment facilities would have screening rooms, stages and amphitheatres as well as animation outsourcing hub, support and logistics centre for the creative industry.

The News Agency of Nigeria (NAN) reports that Del-York Agency is one of Africa’s leading marketing communication agencies with expertise in media buying and selling, creativity, marketing, PR, production and market insight. (NAN)

T.

-January 20, 2024 @ 10:16 GMT|

Tags:


Afreximbank participates in Bank of Industry Nigeria’s syndicated facility of up to EUR 2-billion

THE African Export-Import Bank, Afreximbank, recently joined a consortium of financial institutions in London to sign a landmark syndicated term...

Read More
All-Share Index crosses 100,000 mark as NGX sustains positive momentum 

THE equity market has maintained its positive momentum with the All-Share Index crossing 100,000 benchmark, the highest point since July...

Read More
Gateway Inland dry ports: NSC presents ICRC certificate to Ogun Govt.

THE Nigerian Shippers’ Council (NSC) has presented a Certificate of Compliance from the Infrastructure Concession Regulatory Commission (ICRC) for Outline...

Read More