In a significant stride towards transforming Enugu State into a dynamic hub for living, investment, sports, and entertainment, the state government has successfully inked a multi-million dollar agreement with the esteemed Del-York Group.
The agreement paves way for the creation of a cutting-edge entertainment and sports complex – “The 042 Arena and Entertainment Park.”
Governor Peter Mbah, at the ceremonial signing held at the Government House in Enugu over the weekend, emphasized the mounting interest from investors, attributing it to his administration’s unwavering commitment to making Enugu the epitome of safety and prosperity.
The visionary project, born out of a collaborative effort with Del-York International Group, is poised to transcend conventional expectations. Designed as a multifaceted sports and entertainment hub, “The 042 Arena and Entertainment Park” seeks to catalyze development, training, innovation, education, talent discovery, hospitality, and entertainment.
Addressing key stakeholders, Linus Idahosa, the Chief Executive Officer of Del-York, underscored the strategic significance of Enugu State for this venture.
He commended Governor Mbah’s initiative, hailing it as a historic moment for Nigeria. Idahosa expressed the Del-York Group’s enthusiasm for the partnership and acknowledged the swift and tireless efforts of the state’s cabinet members.
Frank Pastorino, an Executive Vice President of Development with Del-York Group, emphasized Nigeria’s and, specifically, Enugu State’s extraordinary potential in sports and creative industries. He urged critical investments in sports development, citing the region as the epicenter for nurturing future sports talent.
Larisa Miller, CEO of Phoenix Global Group Holdings, emphasized the broader economic prospects of the sports and entertainment sectors. She highlighted the significance of a well-defined vision, plan, and programs, aligning with their commitment to bring these elements to the state.
Governor Mbah, reflecting on the accomplishment, asserted that the deal showcased the triumphant spirit of Enugu’s investment drive, a vision set forth from the inception of his administration.
He reiterated the state’s commitment to becoming the premier investment destination, actively mitigating risks and fostering a conducive environment through strategic investments in infrastructure and security.
The envisioned Sports Arena, upon completion, will boast state-of-the-art facilities encompassing training facilities, athlete housing, a physical therapy and sports medicine center, and a performance center. Simultaneously, the Entertainment Park will feature screening rooms, stages, amphitheaters, and live, work, and play facilities.
Beyond infrastructure development, the transformative project is expected to generate thousands of jobs, lure investors, and attract a surge of tourists.
Governor Mbah emphasized its role in providing a platform for youth to showcase their talents, fostering sports and youth development not just in the state but throughout the entire South-East region. The ambitious undertaking signals a defining chapter in Enugu’s journey toward becoming a beacon of innovation, prosperity, and cultural significance.