Thursday, December 26, 2024

TSC Global And Nigeria’s Del-York Group Sign $4.5b Joint Venture

In a groundbreaking development set to redefine Africa’s creative and technological landscape, Singapore’s TSC Global and Nigeria’s Del-York Group have entered into a monumental $4.5 billion joint venture to establish the Lagos Film City, also known as Kebulania. This ambitious project aims to position Lagos as a global film, media, and technological innovation hub.

The Lagos Film City, spanning 100 hectares in Epe, Lagos State, is envisioned as a comprehensive ecosystem that includes:

AI-Capable Hyperscale Data Centers: 50,000 square meters dedicated to advanced data storage and processing.

Sustainable Power Generation: A 1 gigawatt (GW) sustainable gas-fired power plant, with 100 megawatts (MW) allocated specifically for the data centers.

Creative and Innovation Spaces: 500,000 square meters of facilities, including state-of-the-art production studios and virtual production stages comparable to Hollywood standards.

Educational and Training Facilities: World-class institutions designed to nurture talent and foster skill development.

Residential and Recreational Areas: Amenities such as housing, recreational zones, and theme parks to support a vibrant community.

This development is projected to generate over 10,000 direct jobs and more than 25,000 indirect employment opportunities, contributing over $3.5 billion annually to Nigeria’s creative economy.

Environmental Sustainability

A core component of the Lagos Film City is its commitment to environmental sustainability, featuring:

Renewable Energy Integration: Plans to incorporate 40% renewable energy sources into the power supply.

Water Recycling Systems: Advanced systems designed to minimize water waste and promote conservation.

Green Building Certification: Adherence to international standards for sustainable construction.

Biodiversity Preservation: Initiatives aimed at protecting local ecosystems and promoting environmental stewardship.

These measures underscore the project’s dedication to sustainable development practice.

This joint venture represents a strategic collaboration between Africa and Asia, aiming to bridge continents and create unparalleled opportunities for creative and technological collaboration. The initiative is expected to serve as a catalyst for international co-productions, technology partnerships, and educational collaborations, further strengthening Africa’s creative and technological sectors.

The establishment of the Lagos Film City marks a transformative step in Africa’s creative and technological landscape, promising to empower generations of African creators and innovators and position Lagos as Africa’s premier creative capital.

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