Zer­beced’s in­vest­ment to boost in­fra­struc­ture

Daily Trust - - BUSINESS - By Us­man A. Bello

Zer­berced Nige­ria Ltd., ex­perts in the con­struc­tion, quarry and min­ing sec­tors, has said that its For­eign Di­rect In­vest­ment (FDI) has cre­ated em­ploy­ment for young peo­ple and as well de­vel­oped in­fra­struc­ture in many sec­tors of Nige­ria’s econ­omy.

A source at one of the reg­u­la­tory agen­cies and Min­istry of Steel and Solid Min­er­als De­vel­op­ment con­firmed that Ze­berced re­mains the only com­pany in­volved in real for­eign di­rect in­vest­ment, say­ing other multi­na­tion­als like Julius Berger, Gitto, Se­traco etc. all rely on gov­ern­ment con­tracts to sur­vive.

In a chat with the Man­ag­ing Di­rec­tor, Ze­berced, Mr. Adil Aydin Kurt, he said as ex­perts in con­struc­tion, quarry, hous­ing and min­ing sec­tors, they are in­ter­ested in con­tribut­ing their own quota to the de­vel­op­ment of the Nige­ria’s econ­omy, and not what they can ben­e­fit from the sys­tem.

He said the com­pany had to re­spond to the fed­eral gov­ern­ment’s call on For­eign Di­rect In­vest­ment since 2007 when a crew of ex­perts from Ze­berced ar­rived from Tur­key to com­mence its public-pri­vate part­ner­ship with the Nige­rian gov­ern­ment.

“Since 2007, we have not taken gov­ern­ment con­tracts; we have con­cerned our­selves and con­cen­trated on do­ing our own bid in the ar­eas of com­pe­tence. The profit we make on in­vest­ment is re-ap­plied into more in­vest­ment in Nige­ria.

“Ze­berced is not tak­ing any­thing to Tur­key. All our prof­its and the money we make are in­vested in Nige­ria be­cause we are plan­ning to ex­pand our coast to other sec­tors of the econ­omy,”he said.

Mr. Kurt stated that Zer­beced’s latest pro­ject is the de­vel­op­ment of an in­dus­trial park that en­com­passes all sec­tors of the econ­omy, rang­ing from build­ing and con­struc­tion to oil and gas. Ac­cord­ing to him, the com­pany shall not re­lent in ex­plor­ing ar­eas of in­ter­est, just as its Katampe hous­ing es­tate is com­pleted and ready for use by all Nige­ri­ans de­sir­ing to own a house.

He said the es­tate is the first of its kind with a swimming pool, good roads in­fra­struc­ture and state-of-theart fa­cil­i­ties for needed com­fort.

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