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LONDON - Eco Buildings Group PLC, a UK-based modular construction company, has announced strategic developments in its Senegal joint venture, Eco Buildings Senegal LLC, following a significant investment and partnership with local firm G2 Invest Group.
G2 Invest, a leader in facilities management and logistics in Dakar, has committed to investing €1.75 million for a 35% stake in the Senegalese subsidiary. This investment will support the establishment of a new production line for modular construction in the country.
In addition, Eco Buildings has appointed a reputable Engineering, Procurement, and Construction (EPC) contractor to oversee the creation of the production facility in Senegal. The contractor is noted for its substantial workforce and capacity to process up to 700 tonnes of steel per month, indicating significant expertise in modular construction.
The collaboration between Eco Buildings and G2 Invest was further solidified by a visit to the company’s production site in Albania by G2 Invest’s CEO, Elhadji Boudy Sarr, and his team. This visit focused on factory setup, technology transfer, and workforce training, emphasizing the operational alignment between the two entities. Training for the Senegalese team has started, and planning visits to the EPC contractor’s facility are scheduled to ensure the site is ready for production.
Sanjay Bowry, CEO of Eco Buildings Group, expressed confidence in the operational progress in Senegal, highlighting the appointment of the EPC contractor and the investment from G2 Invest as key steps towards executing their global strategy. Bowry underscored the Albania visit as demonstrative of the strong partnership and readiness to deliver modular housing in West Africa.
Elhadji Boudy Sarr also conveyed optimism about replicating Eco Buildings’ production model in Senegal, supported by the expertise of the EPC contractor and a clear operational plan. He emphasized the goal of creating a foundation for affordable, efficient, and sustainable housing in the region.
This development is part of Eco Buildings’ broader aim to redefine construction through prefabricated, green housing products. The company has already secured sales contracts in Albania and Kosovo, anticipated to generate substantial revenue over the next three years.
The information in this article is based on a press release statement from Eco Buildings Group.
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