Our Neighborhood
Check out Intercontinental’s most sought-after neighborhoods.
The Dangote Refinery
Dangote built the world’s largest single-train refinery. The refinery is situated on a 6,180 acres (2,500 hectares) site at the Lekki Free Trade Zone, Lekki, Lagos State.
It is supplied with crude oil by the largest sub-sea pipeline infrastructure of the world (1,100 km long). When fully operational it will provide 135,000 permanent jobs in the region..jn
The Dangote refinery is a massive development in Ibeju Lekki and is already driving massive investment in and around the area – more so when the refinery is completed and fully operational!
Also important to note is the fact that the Dangote refinery complex also has a fertilizer factory worth about $2.5billion, a petrochemical factory that will produce polyethylene and polypropylene, and gas pipeline that would transport 3 billion standard cubic meters of gas daily worth about $2.5billion.
Massive investments in this area have already created an upward of 60,000 jobs and this number is projected to reach 180,000+. The commercial and residential possibilities in this area is limitless! and it has not even started operating.
The Lekki Free trade zone
The Lekki free trade zone, divided into four total zones, will comprise residential, commercial and industrial divisions. Sprawling over 16,500 hectares, the very rapid development around Ibeju Lekki is as a result of the multi-billion dollar investments combined in these different free zones.
People often refer solely to the Dangote refinery when talking about Ibeju Lekki as it is the largest investment there, but the Dangote Refinery – located at the South-East quadrant is one just of the four free zones in Ibeju Lekki.
The Lekki Free zone (LFZ) managed by the Lekki Free Zone Development Company (LFZDC) is located at the South-West quadrant and already has companies like the kellogg's factory, Power Oil factory, Longrich Biomedical factory, dano milk factory, vehicle assembling plant among others. This Free zone is flanked by the $2billion Lekki deep sea port.
Lekki Free Zone Development Company (LFZDC) is a Joint Venture that comprises a consortium of Chinese Companies by the name China-Africa Lekki Investment Ltd as the majority shareholder (CALI), the Lagos State Government (LASG) and Lekki Worldwide Investments Limited (LWIL).
The Lekki Deep Sea Port
16.5 meters deep with a capacity of 18,000 TEU (Twenty-foot Equivalent units) - it is going to be the largest Deep Sea Port in West Africa opening up access for export to West Africa and beyond; easing the enormous strain at Tin Can and Apapa ports.
Because it is located in a free zone, there will be minimal intervention from port authorities, no import duties, no strikes, quick processing times – this sea port will see massive volumes of imports and exports that will ease the strain on the Apapa port complex and make more sense for investors and businesses from an operation and economic standpoint.
A major reason why The Lekki free zones are fast attracting local and foreign investors is because of this deep sea port.
Lekki Epe International Airport
Can you believe that the only international airport in Lagos is all the way in Ikeja on the Lagos mainland? Do you know the imact of this?
The massive population of experts, celebrities, politicians that mostly reside in Lekki island would need to drive through several kilometers and suffer through traffic to commute to and from the Muritala International airport.
Do you know the economic efffects in man hours, missed flights, failed engagements, logistical nightmares and the like?
To cost well over $400million, the development of phase 1 of the airport includes an airport terminal building, air traffic control facilities, airfield ground lighting, and navigation air and aircraft ground services. Lekki-Epe International Airport is a proposed airport in Ibeju Lekki/Epe axis, designed for a capacity of 5 million passengers annually. It is going to be the first airport in Lekki, Lagos island, to be sited adjacent to Alaro city. It will be designed to cater for the Airbus A380, making it a Code F compliant airport.
The Lagos state government is still shopping for investors and have invited bid tenders which 33 firms in total, Nigerian and international have responded to. We have every reason to believe that when the Dangote refinery and the multiple billion dollar industries in the other free trade zones are completed - coupled with the commercialization as a result of the road expansion from Ibeju Lekki to Epe; the Lekki Epe International Airport would not only be an attractive investment but an absolute necessity!