As part of moves aimed at building a multi complex city on the outskirt of Accra, urban developer and owners of Appolonia City, Rendeavour, has launched the Appolonia Business Park.
The park, which will cover a land area of 70 acres, is designed to accommodate a range of uses including manufacturing, processing, storage, logistics and service companies.
Speaking to Citi Business News in an interview, the Founder and CEO of Rendeavour, Stephen Jennings stated that the facility will be affordable due to the level of investment which is aimed at long term returns.
“The size of the project will provide economies of scale. It will make it affordable through sharing the cost over a long period of time,” he said.
Mr. Jennings was optimistic the park will be a hub for light industrial companies across the African continent.
“Appolonia Business Park’s high quality infrastructure and secure land title create an ideal environment for companies looking to expand their businesses in Ghana and West Africa,” he said.
He added that, the neighboring residential areas of Appolonia will also allow employees to live nearby their workplace, while enjoying amenities such as parks, schools, healthcare and shops.
Listing more amenities that will be available, Mr. Jennings stated that the Appolonia Business Park will have serviced plots that include water, sewerage, storm drainage and a dedicated substation for electricity.
“Appolonia will be home to more than 88,000 residents and 30,000 day visitors, creating tens of thousands of jobs during the lifetime of the project,” he said.
The project was inaugurated by U.S. Ambassador Robert Jackson and a representative of the Ministry of Trade and Industry, Frederick Alipui, Policy Advisor to the Minister.
The event was also attended by representatives of European embassies in Ghana, as well as the Accra business community.
In his welcome address, Ambassador Jackson congratulated Rendeavour for its dedication in bringing the Appolonia development to reality.
“It is really an investment in the future – positioning this area as a social and economic hub, with the potential to create significant jobs,” he said.
By: Lawrence Segbefia/citibusinessnews.com/Ghana