RCS - Eco Buildings Group - Operational Update on Senegalese Subsidiary

Eco BuildingsAnnouncement

06/05/2025 07:00

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RNS Number : 3346H  Eco Buildings Group PLC  06 May 2025

6 May 2025

Eco Buildings Group PLC

("Eco Buildings" or the "Company")

 

 

Strategic Milestones in Senegal JV and EPC Contractor Deployment

 

Highlights

 

                •               EPC contractor
appointed to deliver Senegal production line as part of global expansion

 

                •               €1.75M
investment from G2 Invest into Eco Buildings Senegal confirmed

 

                •               Visit to
Albania by G2 Invest CEO Elhadji Boudy Sarr marks operational alignment

 

                •               Training of
Senegalese team underway; EPC site planning visits scheduled

 

Eco Buildings Group plc, a UK-listed modular construction company, is pleased
to provide an operational update on its newly formed Senegalese subsidiary,
Eco Buildings Senegal LLC ("Eco Senegal"), a joint venture with local partner
G2 Invest Group.

 

Following the signing of a memorandum of understanding with G2 Invest, a
Dakar-based facilities management and logistics leader with over 2,000 staff,
a significant milestone has now been reached: G2 Invest has formally committed
to a €1.75 million investment for a 35% stake in the project. These funds
will directly support the installation and activation of a new modular
construction line in Senegal.

 

In parallel, Eco Buildings has now formally appointed a leading Engineering,
Procurement, and Construction (EPC) contractor to manage the end-to-end
implementation of the Senegal production facility. This EPC contractor, with a
workforce of over 500 and a processing capacity of up to 700 tonnes of steel
per month, brings proven expertise in delivering complex modular construction
capabilities at scale.

 

A senior delegation from G2 Invest, led by CEO Elhadji Boudy Sarr, recently
visited Eco Buildings' production site in Albania. The visit reinforced
alignment between both partners and enabled hands-on collaboration on factory
setup, technology transfer, and workforce training. As part of this strategic
roll-out, a structured training programme for the Senegalese technical and
operations team is now underway. Planning visits to the EPC contractor's
facility have also been scheduled to finalise site readiness for Senegal's
production launch.

 

Sanjay Bowry, CEO of Eco Buildings Group plc, commented:

"This momentum in Senegal reflects the operational acceleration of our global
strategy. From appointing a highly capable EPC contractor to receiving the
committed €1.75 million from G2 Invest, we are now entering the execution
phase. The visit of Mr. Sarr and his team to Albania shows the strength of our
partnership and the readiness of our ecosystem to deliver modular housing at
scale in West Africa."

 

Elhadji Boudy Sarr, Managing Director of G2 Invest Group, added:

"Our visit to Albania confirmed the strength of Eco Buildings' production
model. We are proud to bring this proven solution to Senegal, supported by a
world-class EPC contractor and a clear operational roadmap. Together, we are
building a foundation for affordable, efficient, and sustainable housing in
the region."

 

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About Eco Buildings Group plc

Eco Buildings is a leading innovator in prefabricated, green housing products,
leveraging proven technology based on GFRG panels. Our modular housing
solutions cater to both affordable and high-end housing markets, combining
cost efficiency, speed of construction, and sustainability. With a growing
portfolio of international projects, Eco Buildings is dedicated to redefining
construction for the future.

Further information is available on Eco Buildings
website: www.eco-buildings.net (http://www.eco-buildings.net/)

 

 

 

For more information contact:

 Eco Buildings Group plc                               Tel: +44 (0) 207 380 0999

 Sanjay Bowry, Chief Executive Officer

 Fiona Hadfield, Finance Director

 Spark Advisory Partners Limited (Nominated Adviser)   Tel:  +44 (0) 203 368 3550

 Matt Davis / James Keeshan
 Tavira Securities Limited (Broker)                    Tel:  +44 (0) 203 192 1739

 Oliver Stansfield / Jonathan Evans

 

Notes

The Company has acquired proven and innovative prefabricated technology which
has been in development and commercial use since 2006. Eco Buildings' range of
prefabricated, green housing products based on glass fibre reinforced gypsum
walls ("GFRG") provides a construction solution for both affordable and
high-end housing.

Eco Buildings has already secured two sales contracts with major construction
companies, one in Albania, the other in Kosovo, which are expected to generate
gross sales revenue of approximately up to €38 million in total per annum
over the first three years (approximately €114 million in total) following
Admission.

The market share for factory-based building technology is expected to grow
significantly over the coming years as private developers and the public
sector seek to address the substantial and growing deficit in housing stock
and issues of construction cost, speed and quality and housing affordability.

 

 

 

 

 

 

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