“Chief Chinasa has secured a landmark foreign investment deal with Russellglen Company to revitalize Aba’s economy, aligning with global standards and boosting local growth.”
Chief Iheanyi Frank Chinasa, a prominent leader of the Labour Party (LP) in Abia State, has successfully sealed a strategic investment deal with Russellglen Company, a leading Texas-based real estate firm with over $450 million in assets. The agreement, endorsed through a Memorandum of Understanding (MOU) with CEO Terrence Maiden, is set to attract direct foreign investment aimed at transforming Aba into a thriving economic hub aligned with global standards.
The partnership, finalized at Russellglen’s headquarters in Texas, focuses on real estate development, infrastructure enhancement, and overall economic growth in Aba, Abia State. Speaking on the development, Chief Chinasa expressed his excitement about the partnership, stating: “This collaboration aligns with Governor Dr. Alex Otti’s vision to attract foreign investment to our state. It marks a significant step towards revitalizing Aba and positioning it as a major economic hub in Nigeria.”
Russellglen CEO Terrence Maiden also voiced enthusiasm about the collaboration, saying, “We are excited about the opportunity to invest in Aba and help drive its transformation. Our commitment is to deliver high-quality real estate projects that enhance the quality of life and stimulate economic growth.”
The anticipated investment is projected to create jobs, stimulate economic activity, and improve the standard of living for the people of Aba.
Support Afnews Independent Journalism
At Afnews, we are dedicated to providing accurate, insightful, and timely news coverage. Our commitment to journalistic integrity ensures that you receive trustworthy information, unfiltered and unbiased. To maintain our independence and continue delivering quality content, we rely on the support of our readers.
If you value the work we do, please consider making a contribution. Your support enables us to keep bringing you the stories that matter.
Donate today and help us keep independent journalism alive. Thank you for your support!
