Name

The Chagoury Group

Legal name

The Chagoury Group

Website

https://chagourygroup.org

Company type

Private

Founded year

1971

Operating status

Operating

Headcount range

1,001–5,000 employees

Ownership category

akta.pro rank

Headquarters

HQ city

Lagos

HQ country

Nigeria

HQ region

Africa

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Infrastructure, Personnel, Operations, Supply Chain, Marketing or Sales

Revenue model

1. Construction and Infrastructure Contracts: The group generates revenue through major construction and infrastructure projects including port renovations, coastal highways, and building construction via subsidiaries ITB Construction and Hitech Construction. Examples include the $700 million Lagos ports renovation contract and participation in the $11 billion Lagos-Calabar Coastal Highway.
2. Real Estate Development and Sales: Eko Atlantic City generates revenue through land reclamation and commercial/ residential real estate development and sales. The project offers 10 million square metres of development opportunity approximately the size of Manhattan's skyscraper district.
3. Hospitality Services: Eko Hotels & Suites operates four hotels with 824 rooms and 7,000-seat banquet and conference facilities, hosting approximately 500,000 guests annually. Revenue from hotel accommodations, events, and catering services through properties including EKO SIGNATURE, EKO SUITES, EKO HOTEL, AND EKO GARDENS.
4. Industrial Products: Revenue from industrial operations including Ragolis Waters (water purification and bottling), Hyperia Internet (telecommunications), CDK Industries, flour mills, insurance services, and furniture manufacturing.
5. Healthcare Services: Revenue from Ideal Eagle Hospital healthcare operations.

Go-to-market motion2 records

Distribution channels3 records

Marketing channels5 records

Core offering

The Chagoury Group is a Nigerian diversified conglomerate that operates construction and infrastructure contracting (via ITB Construction and Hitech Construction), large-scale real estate development anchored by the Eko Atlantic smart city project off the coast of Lagos, hospitality services through Eko Hotels & Suites (824 rooms across four hotels plus 7,000-seat conference facilities), healthcare via Ideal Eagle Hospital, and industrial operations spanning Ragolis Waters (bottled water), Hyperia Internet (telecommunications), and CDK Industries (industrial manufacturing).

Product overview

The Chagoury Group is a multi-faceted Nigerian conglomerate with a portfolio of divisions spanning Construction (ITB Construction Nigeria, Hitech Construction), Real Estate & Infrastructure (South Energyx Nigeria Limited managing Eko Atlantic), Hospitality (Eko Hotels & Suites, Hotel Presidential, Convention Center, Courdeau Catering, Entertainment), Healthcare (Ideal Eagle Hospital), and Industrial (Ragolis Waters, Hyperia Internet, CDK Industries). The flagship offerings include Eko Atlantic smart city development with features like Alpha1 Towers and the Great Wall of Lagos, and the Eko Hotels & Suites with four hotel brands. The group operates as a platform of independent divisions rather than an integrated product suite.

Differentiator

Problem solved

Functional benefit

Brands

• EKO Hotels & Suites: Hotel and hospitality division offering 824 rooms across four hotels (EKO SIGNATURE, EKO SUITES, EKO HOTEL, AND EKO GARDENS) with 7,000-seat banquet and conference facilities.
• Eko Atlantic
• ITB Construction
• Hitech Construction
• South Energyx Nigeria Limited

Products and services

• Eko Atlantic A smart city real estate development off the coast of Lagos, Nigeria (adjacent to Victoria Island), built on land reclaimed from the ocean, offering 10 million square metres of commercial and residential development opportunity approximately the size of Manhattan's skyscraper district.
• Eko Hotels & Suites Hospitality division offering 824 rooms across four hotel brands (EKO SIGNATURE, EKO SUITES, EKO HOTEL, AND EKO GARDENS) with 7,000-seat banquet and conference facilities and a world-class pool, positioned as the most preferred hotel in West Africa for business and leisure travelers.
• ITB Construction Nigeria Construction contracting subsidiary executing major port and infrastructure projects, including the $700 million Lagos ports renovation (Tin Can and Apapa) and the Snake Island Port terminal.
• Hitech Construction Construction contracting division of the Chagoury Group operating alongside ITB Construction.
• South Energyx Nigeria Limited Real estate and infrastructure development subsidiary that funds and develops the Eko Atlantic smart city project, with Ronald Chagoury Jr. serving as Vice Chairman.
• Ideal Eagle Hospital Healthcare services division of the Chagoury Group operating within the healthcare sphere.
• Hotel Presidential Hospitality property under the Chagoury Group's hospitality umbrella.
• Ragolis Waters Industrial division engaged in water purification and bottling.
• Hyperia Internet Industrial division providing internet and telecommunications services.
• CDK Industries Industrial division of the Chagoury Group operating within the industrial manufacturing sector.
• Convention Center Convention and conference facilities under the Chagoury Group's hospitality division.
• Courdeau Catering Catering and entertainment services division under the hospitality umbrella.
• Alpha1 Towers Flagship office building within Eko Atlantic, and the first structure in the city to obtain the IFC EDGE certification recognizing 20% less resource intensity in energy, water, and embodied energy in materials.
• Great Wall of Lagos 8.5 km coastal protection infrastructure within the Eko Atlantic project designed to protect Victoria Island from coastal erosion and ocean surges, engineered to last for centuries.

Quantifiable outcome

• Alpha1 Towers constructed with 20% less resource intensity in energy, water, and embodied energy in materials
• +2 more outcomes

Named customers3 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Four partnerships are on record, tiered core.

• International Finance Corporation (IFC)coreTechnology or Integration · 1 February 2020IFC awarded Eko Atlantic's Alpha1 Towers the first EDGE certification in Nigeria, recognizing sustainable building standards with 20% less resource intensity in energy, water, and embodied energy in materials.
• DEME Group (Belgium)coreStrategic or Co-development PartnerBelgium's DEME Group was contracted alongside ITB Construction Nigeria (a subsidiary of the Chagoury Group) to build the Snake Island Port terminal, scheduled for completion by 2028. The $1 billion project spans 45 years.
• NigerdockcoreStrategic or Co-development PartnerNigerdock signed the 45-year Snake Island Port concession agreement with MSC Group. ITB Construction Nigeria and DEME Group were contracted to build the terminal.
• MSC GroupcoreStrategic or Co-development PartnerMSC Group partnered with Nigerdock for the $1 billion Snake Island Port concession in Lagos.

Scale indicators10 records

Recent moves6 records

Expansion highlights5 records

Regional players

• ARM Holdings (Asset & Resource Management): Nigerian holding and investment company with diversified interests across asset management, real estate, and infrastructure — a comparable Nigerian diversified holding structure.

Others

• Orascom Construction: Egypt-based major construction and infrastructure contractor with significant MENA/Africa operations; directly comparable to ITB Construction Nigeria on large infrastructure delivery, including ports and highways.
• Dangote Group: Largest privately-held African conglomerate, headquartered in Lagos, with diversified operations spanning cement, sugar, flour, real estate, and infrastructure — directly comparable to the Chagoury Group as a Nigerian family-owned industrial/real estate platform.
• Emaar Properties: UAE-based global real estate developer behind large-scale master-planned cities (e.g., Downtown Dubai) — comparable to South Energyx / Eko Atlantic as a developer of integrated, master-planned urban districts with premium infrastructure.

Direct peers

• Renaissance Group: African diversified conglomerate with construction, real estate, and infrastructure operations across multiple African markets — comparable as a privately-held, multi-sector infrastructure and real estate group.
• BUA Group: Nigerian conglomerate with major operations in cement, real estate, infrastructure, and ports — overlapping directly with the Chagoury Group's construction (ITB), real estate (Eko Atlantic), and infrastructure concessions portfolio.
• Tolaram Group: Singapore-headquartered, West Africa-focused industrial conglomerate with major operations in consumer goods, real estate, and infrastructure across Nigeria — comparable as a private multi-sector African group.
• Globacom: Nigerian telecommunications and conglomerate owned by Mike Adenuga, spanning telecoms (Globacom), real estate, and oil — a comparable Nigerian diversified family-controlled group operating in West Africa.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/ChagouryGroup
• YouTubeyoutube.com/channel/UC85iJkwipMrDKOd3fnQ13tg
• LinkedInlinkedin.com/company/chagoury-and-chagoury-group
• Pinterestpinterest.com/chagourygroup

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Subsidiaries12 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about The Chagoury Group