President Bola Ahmed Tinubu is set to officially unveil the Abuja City Walk masterplan tomorrow Thursday, in what is expected to be one of the most significant urban development launches in the Federal Capital Territory in recent years.
The ceremony, scheduled to take place from 10:00 a.m. to 3:00 p.m. at Plot 28, Cadastral Zone C-17, Industrial Area-II, Abuja, will mark the formal groundbreaking of the 250-hectare mixed-use development strategically located along the Nnamdi Azikiwe International Airport corridor. The project is being developed by MAG Group, the parent company of MAG International Links Limited, in partnership with Link Developments.
A major highlight of the event will be the signing of a Memorandum of Understanding (MoU) between Link Developments and Saudi royal investor H.R.H. Prince Khalid bin Saud bin-Khalid bin-Turki Al-Saud, whose participation underscores growing interest from Gulf investors in Nigeria’s real estate and infrastructure sectors.
The signing ceremony is expected to be witnessed by senior government officials, diplomats and international investors, while the Nigeria-Arab Gulf Chamber of Commerce (NAGCC) is also expected to reaffirm its commitment to strengthening investment ties between Nigeria and the Gulf region.
Officials say the project’s location within a designated Free Trade Zone provides investors with an attractive regulatory and tax framework aimed at encouraging long-term foreign direct investment at one of Abuja’s most strategic entry points.
Designed by internationally acclaimed architectural firm Benoy, Abuja City Walk is envisioned as a modern, mixed-use urban district combining commercial, residential, entertainment and cultural spaces. Among its flagship developments are a proposed 450-metre skyscraper expected to become Africa’s tallest tower and a 13,000-seat indoor arena that would be the largest of its kind in Nigeria, designed to host international concerts, sporting events and conventions.
The project occupies land originally allocated to the Abuja Technology Village, which remained largely undeveloped for more than two decades.
According to project stakeholders, recent reforms by the Federal Capital Territory Administration (FCTA) helped unlock the site by accelerating approvals, finalising land documentation and facilitating supporting infrastructure, including access roads required for construction. Developers have, in turn, committed to delivering the project through a phased construction programme.
Beyond its architectural ambitions, Abuja City Walk is expected to stimulate economic activity through job creation, tourism, hospitality, retail, commercial services and increased foreign investment. Stakeholders believe the development could redefine Abuja’s airport gateway while reinforcing Nigeria’s broader economic diversification efforts.
