Sanwo-Olu hosts Hyundai chief, eyes investment boost

Abdullateef Fowewe

Lagos State Governor, Babajide Sanwo-Olu has welcomed Tarek Mosaad, President of Hyundai Motors Middle East and Africa, for a courtesy visit at Lagos House, Marina, signaling fresh momentum for automotive investments in Africa’s commercial hub.

The meeting featured formal photos of the two leaders exchanging a commemorative plaque, underscoring deepening ties.

Discussions focused on collaboration, investment opportunities, strategic partnerships, and the vision behind Invest Lagos 3.0 – the state’s flagship 2026 investment summit designed to draw global capital.

In a post on X, Sanwo-Olu stated, “Today, I received Mr. Tarek Mosaad, President of Hyundai Motors Middle East and Africa, on a courtesy visit at Lagos House, Marina. We had a discussion around collaboration, investment opportunities, strategic partnerships, and the vision behind Invest Lagos 3.0 as we continue to position Lagos as a leading destination for business and innovation in Africa.”

This engagement highlights Lagos State’s push to become Africa’s top spot for business, innovation, and industries like automotive manufacturing through high-level international outreach.