Rabiu’s Dubai deals include a palm oil refinery, gas power plant, and instant noodle lines, set to drive food security and job creation in Nigeria.
Abdulsamad Rabiu, founder and chairman of BUA Group, has signed a series of major industrial and agro-processing agreements in Dubai aimed at boosting Nigeria’s manufacturing and energy sectors.
Among the deals is a 1,000 metric tonnes-per-day palm oil refinery in partnership with Swedish firm Alfa Laval. “The project is positioned to transform raw palm oil into refined, high-quality edible oil products for both domestic use and export,” BUA said in a statement.
Rabiu also sealed a 20MW gas power plant deal with India’s Green Power International to support BUA’s LNG operations, ensuring energy independence from Nigeria’s national grid.
Additionally, Chinese firms Qingdao ZhengYa Technology and Shanghai Poemy Machinery will build 10 production lines for fried instant noodles.
“These initiatives are expected to create jobs, boost food security, and enhance export competitiveness,” the company stated.
As of April 21, Forbes reports Rabiu’s net worth at $4.7 billion, ranking him among Nigeria’s top three richest men.