Ghana Investment Promotion Center (GIPC), the foremost investment attraction and promotion agency under the presidential office of Ghana, has signed a Memorandum of Understanding, MoU, with Dubai South, the largest single-urban master development focusing on aviation, logistics and real estate to promote all-round economic cooperation, bilateral trade and investment.
The agreement, which was signed at the Abu Dhabi Hall, Business Connect Centre, Expo 2020 Dubai, by Mohsen Ahmad, CEO of Dubai South, Logistics District and Yofi Grant, CEO of GPIC, was also attended by HE Khalifa Al Zaffin – Executive Chairman Dubai Aviation City Corporation.
Through this agreement, the two parties aim to create an attractive environment for SMEs and encourage the exchange of trade missions with all-rounded preparation, including assistance with business programs, facilitating corporate networks and information exchange between the two authorities.
It’s worth noting that EZDubai, the e-commerce zone strategically located at the heart of Dubai South Logistics District, represented the UAE in various Africa-UAE business events to promote the Emirates’ latest innovations, technical advancements as well as optimal service solutions leading the region’s e-commerce industry.
Mohsen Ahmad, CEO of Dubai South Logistics District, said: “It gives us immense pleasure to ink a bilateral agreement with GPIC to promote a lucrative environment for SMEs to prosper and strengthen economic ties. Our leadership have chalked an effective, long-term strategic road map for us and it is our time as industry leaders, to lay the foundation for both communities to achieve optimal results. The agreement comes on the heels of the mega event, Expo 2020 Dubai, which seeks to pave the way for resilient global economy and enable robust business connectivity.”
Yofi Grant, CEO of Ghana Investment Promotion Centre (GIPC), also stated that the Expo presents a wonderful opportunity to outdoor Ghana’s numerous opportunities to investors around the world. He also said: “The country’s participation in the Expo will promote government’s priority sectors, comprising; housing and construction, manufacturing, technology and digital economy, tourism and creative arts, agric and agro-processing, as well as health”.
Ghana, has officially become the “Commercial and Trade Hub of Africa, as it hosts the Secretariat of the African Continental Free Trade Area – hailed as the world’s largest free trade bloc. The country ranks among the top in West Africa for ease of doing business, offering investors a conducive business environment bolstered by solid economic fundamentals, dynamic policies, and political stability.”
According to the UNDP, the country has made significant progress in poverty reduction and thus becoming the first country in Sub-Saharan Africa to achieve the Millennium Development Goal 1, which is the ambitious target of halving extreme poverty.
Today, Ghana is not only one of the best places for doing business in West Africa, but also the most resilient economy in West Africa according to the EY African Attractiveness index.
Dubai South was launched as a Dubai Government project in 2006, representing an emerging 145 square-kilometre, master-planned city based on the happiness of the individual. The city is identified as Dubai’s flagship urban project and is designed to create 500,000 jobs in an integrated, economic environment that supports all types of businesses and industries.
Some of the high-Level representatives and speakers attended include: Honorary Yaw Osafo-Maafo – Senior Presidential Advisor, Office of the President, H.E AlHaji Ahmed Ramadan – Ambassador of the Republic of Ghana to the UAE, Yofi Grant, CEO of Ghana Investment Promotion Centre, and other senior officials.