Lagos, Nigeria – October 25

Future Union Nigeria Holdings and Zenith Bank Sign Landmark MoU to Fund Multi-Billion Dollar Infrastructure Projects

Lagos, Nigeria – In a significant move to bolster Nigeria’s infrastructure landscape, Future Union Nigeria Holdings and Zenith Bank have officially signed a Memorandum of Understanding (MoU) to finance a portfolio of future strategic projects.

The signing ceremony, held in Lagos on October 24, featured Dr. Abdelgalil Sharaf, Chairman of the Board of Future Union Nigeria Holdings and CEO of Future Union Qatar, and Mrs. Falomon, representing Zenith Bank.

This partnership is set to provide the financial foundation for several high-value projects currently under consideration by Future Union Nigeria Holdings. The most prominent among them is a massive $13 billion integrated transport project, which includes the construction of a railway line and a complementary highway connecting the economic hub of Lagos with the capital city, Abuja.

Further projects in the pipeline include two real estate development ventures with a combined value of $1.3 billion, as well as a significant Liquefied Natural Gas (LNG) project, underscoring the company’s commitment to diversifying its investments in Nigeria’s key economic sectors.

The ceremony was attended by a number of distinguished guests, underscoring the importance of this partnership. Attendees included:

· His Excellency Sheikh Abdulrahman bin Hamad Al Thani, Chairman of the Board of Future Union Qatar.
· Mrs. Maral Godalzan, Regional Director.
· Prince Kazim, Managing Director of Future Union Nigeria Holdings.

This MoU marks a critical step towards realizing these transformative projects, which are expected to significantly enhance Nigeria’s transportation network, real estate sector, and energy infrastructure, thereby driving economic growth and development.

About Future Union: Future Union is a diversified global holding group with a significant presence in Nigeria and Qatar.The group focuses on strategic investments in core sectors including infrastructure, real estate, energy, and finance, aiming to foster sustainable development and long-term value.

About Zenith Bank: Zenith Bank Plc is a leading financial institution in Nigeria and one of the largest banks in the country by tier-1 capital.Known for its innovation and strong financial performance, the bank offers a wide range of banking and financial services to corporate and individual customers.