Dangote and Saipem to Enter Construction Joint Venture – Real Estate Market Data and Research for Nigeria and other African Countries | estate intel

Dangote and Saipem to Enter Construction Joint Venture

Image Source: CP Africa

Image Source: CP Africa

In a statement released last week, Saipem and the Dangote Group announced they would be entering into a joint venture to create a new company named Saipem Dangote E&C (Engineering and Construction). The JV is intended to be a significant new player in the Nigerian and Central/West African market, aiming to secure complex Engineering & Construction projects and ensuring a realization capacity focused on efficiency in terms of costs, timing, and flexibility.

The Dangote Group is an African industrial conglomerate owned by Africa’s richest man, Aliko Dangote, while Saipem is a large Italian business controlled by Eni that operates in the Engineering & Construction and Drilling businesses.

The Saipem and Dangote Group collaboration hopes to draw benefit from Dangote’s financial strength and standing in the sub–Saharan African market, where it has launched a significant oil and gas investment program while being complemented by Saipem’s capabilities and track record in Engineering & Construction.



Luanda has Africa’s Most Expensive Real Estate Market
Landlords Asking For Rent in Dollars Threatened by CBN Governor
Increasing Tenant Depth is Key for Growth in Nigeria’s Retail Sector
The Nigerian Sovereign Wealth Fund Can’t Save Nigeria’s Economy Just Yet
Development: Temple Tower, Ikoyi – Lagos