HomeNationalG1 Group Signs Major Automobile Investment Deal with Syria’s Marwa Magdi

G1 Group Signs Major Automobile Investment Deal with Syria’s Marwa Magdi

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Abuja, Nigeria — September 27, 2025. In a move set to reshape Nigeria’s automotive landscape, G1 Group, one of the nation’s most diversified conglomerates, has formally entered into a strategic partnership with Syrian automobile firm Marwa Magdi. The alliance is aimed at injecting fresh investment, technical expertise, and employment opportunities into the country’s fast-growing automobile sector.

The agreement followed a series of high-level discussions in Abuja, where G1 Group executives hosted Alatrach Saeed Ghalib, Group Managing Director and CEO of Marwa Magdi. Ghalib described the collaboration as “a significant milestone in our expansion into the Nigerian market,” adding that his company is eager to leverage G1’s local credibility to “contribute to the growth and development of the automobile industry in Nigeria.”

Under the terms of the deal, G1 Autos—a key subsidiary of G1 Group—will work directly with Marwa Magdi to establish new automotive investment projects across Nigeria. The partnership is expected to create hundreds of jobs, stimulate the supply chain for auto parts, and introduce advanced technologies that can help modernize Nigeria’s vehicle assembly and distribution network.

Prince Gowon Enenche, Chairman of G1 Group, expressed confidence in the venture, saying, “We are thrilled to partner with Marwa Magdi, a firm with a proven track record. We have worked with their construction division before and can attest to their capability and reliability. This collaboration underscores our commitment to investing in key sectors that drive economic growth and development in Nigeria.”

G1’s flagship auto facility, G1 Autos Automall in Abuja’s Gudu district, is already undergoing major remodeling and rehabilitation. Once completed, the state-of-the-art center is poised to become a leading hub for automobile sales, maintenance, and innovation, serving Abuja and surrounding states.

Industry analysts say the partnership will not only boost Nigeria’s automobile market but also align with the federal government’s agenda to diversify the economy and reduce dependence on imports. The infusion of foreign expertise and capital is expected to enhance local assembly capabilities, attract ancillary industries, and expand Nigeria’s role as a regional automotive player.

Reporter: Bunyamin Iye Adam
G1 Media Assistant

 

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