Anambra State government has signed a memorandum of understanding with seven real estate developers to assist government in its vision of transforming the state capital into a smart mega city.

The agreement was signed on behalf of the state government by the Managing Director, Anambra State Investment Promotion and Protection Agency (ANSIPPA), Mark Okoye and Commissioner for Lands, Prof. Offornze Amucheazi in Awka.

In his speech during the ceremony, the Managing Director, ANSIPPA, said the pact was in line with the Governor Chukwuma Soludo’s vision of building a smart mega city and transforming investment and economic landscape for the state.

Okoye revealed that the firms were selected after numerous proposals and rigorous screening processes, while also charging them to ensure quality, with clear precision and accuracy.

He further explained that the governor had directed them to reach out, engage and work with the private sector to attract investment for the state, adding, “for the last four month, we’ve screened over 60 real estate proposals with detailed analysis. The governor insisted on three-year deadline as long as the firms are competent to deliver quality jobs.”

Also Speaking, Amucheazi reminded the developers that their assignment is unique, insisting that government is expecting nothing less considering their pedigree.

The commissioner for lands, who expressed excitement over the caliber of firms chosen for the project, assured of government’s continued support.

“We had 72 proposals, (with 30 outstanding), but after going through the hug, seven of you were successful. We’ll continue to monitor the project until completion as we look forward for a harmonious relationship.

Responding, Group Managing Director, Rainbow Heritage Projects Services, Biedima Oliver, reaffirmed that the housing challenge is a national issue, and pledged his firm’s readiness to create reference point to infrastructure development in the state.

On the three-year project duration, Biedima assured to deliver on time and according to specifications, adding, “We know the peculiarities of our times, but we’ve drawn our strategies for the three years.”