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REG - Eco Buildings Group - Eco to Expand in Africa with Sudanese Subsidiary

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RNS Number : 1911D  Eco Buildings Group PLC  14 October 2025

14 October 2025

Eco Buildings Group PLC

("Eco Buildings" or the "Company")

 

Eco Buildings to Launch Sudanese Subsidiary to Deploy Next-Generation Modular
Housing Technology with €5 Million Local Funding Commitment

 

Highlights

 

·    Eco Buildings launches a new subsidiary with Socotra Real Estate
Development and Investment Company to focus on modular housing in Sudan.

 

·    Contracted investment of €5 million by Socotra to Eco Buildings to
fund two new production lines.

 

Eco Buildings, a UK-listed modular construction company, is pleased to
announce that it is establishing a new subsidiary, Eco Buildings Sudan Ltd
("Eco Sudan"), to address the significant market opportunities for modular
housing in Sudan.

 

To enable this expansion, Eco Buildings has entered into a memorandum of
understanding ("MOU") and signed an Agreement with Socotra Real Estate
Development and Investment Company ("Socotra"), a well-established
Khartoum-based facilities management and logistics group with a proven track
record in delivering complex infrastructure projects. Socotra's operational
strength and established public and private sector relationships make it an
ideal strategic partner for rapid deployment and scale.

 

To enable the rapid deployment of production capacity, Socotra has agreed to
make a €5 million contracted investment in Eco Buildings for which it will
receive a stake in Eco Sudan, which will be responsible for operating and
selling the output from the Company's wholly-owned manufacturing facilities
and production lines in the Sudan. Under the terms of the MOU and the
Agreement, Socotra will be entitled to receive 50% of any net profits
generated by Eco Sudan.

 

The €5 million commitment will be used by the Company to fully fund the
deposit and capital required to deploy and install two production lines owned
by the Company in the Sudan. This structure ensures that Eco Sudan can move
from MOU to operational capacity without further capital outlay from Eco
Buildings, while retaining meaningful strategic upside. The production lines
will be delivered via Eco Buildings' EPC contractor, providing the scale
required for major housing delivery programmes.

 

The Company and Socotra have entered into an agreement (the "Agreement")
governing the terms and operation of Eco Sudan, which will manage the
establishment of the manufacturing facility and the production of the homes to
be built.

 

Socotra will be responsible for the day-to-day operations of Eco Sudan,
including the set-up and running of the manufacturing facilities. In
accordance with the Agreement, the funding commitment will be received over
the course of the next six months. This will allow for the provisioning of a
site to locate the manufacturing facility and initiate the corporate structure
and governance of Eco Sudan.

 

Sudan has already demonstrated its ambition for large-scale development
through landmark projects such as the Al-Mogran riverside development in
Khartoum. Eco Buildings' technology provides the scalable and cost-efficient
platform needed to bring such ambitions to fruition.

 

Strategic Vision & Technological Edge

 

Eco Buildings' entry into Sudan is part of a broader strategy to deploy
high-tech modular construction platforms globally, enabling markets to
leapfrog traditional building methods. Its GFRG technology integrates digital
controls, automation and precision engineering, delivering speed, cost
discipline and quality unmatched in regional construction.

 

By combining this proprietary platform with Socotra's local operational
strength, Eco Buildings is establishing a scalable blueprint that can be
replicated rapidly across Sudan and neighbouring markets. Once the first two
lines are installed and optimised, this model allows for fast geographic
expansion with minimal incremental investment.

 

Dr Etrur Albani, Executive Vice Chairman of Eco Buildings Group plc,
commented:

 

"The landmark JV in Sudan with Socotra not only serves to further demonstrate
the increasing global demand for our GFRG modular housing solutions, but also
the efficiency of our international expansion strategy. Sudan lies at the
centre of a geographic region with significant potential. The MOU with Socotra
is a material step forward in realising that potential. Their decision to back
Eco Buildings with a substantial, early-stage, €5 million contracted
investment should make their faith in the ability of Eco's technology to
tackle the scale of this opportunity, as well as Socotra's deep, long-term
commitment to its success, evident to all our stakeholders."

 

The information communicated in this announcement is inside information for
the purposes of Article 7 of Regulation 596/2014.

 

 

 

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

 Dr Etrur Albani , Executive Vice Chairman

 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

 CMC Capital Markets (Joint Broker)                    Tel: +44 (0) 203 003 8254

Douglas Crippen

 

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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