DUBAI, (The Southern African Times) – Ghana, Dubai South sign MoU to accelerate economic ties and bilateral trade: The Ghana Investment Promotion Center (GIPC) has signed a Memorandum of Understanding (MoU) with DubaiSouth, one of the largest single-urban master development groups focusing on aviation, logistics and realestate to enhance all-round economic cooperation, bilateral trade and investment.
The agreement, which was signed by the two parties, seeks 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.
Speaking after the ceremony, Chief Executive of GIPC pointed that, “Ghana’s participation in the DubaiExpo will promote government’s priority sectors, comprising of housing and construction, manufacturing, technology and digital economy, tourism and creative arts, agriculture and agroprocessing, 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 freetrade 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,” he added.
Dubai South, the largest single-urban master development focusing on aviation, logistics and real estate, has signed a MoU with Ghana Investment Promotion Center (GIPC), the foremost investment attraction and promotion agency under the presidential office of the African nation, to promote all-round economic cooperation, bilateral trade and investment.
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, stated Mohsen Ahmad, CEO of Dubai South, Logistics District after signing the deal with Yofi Grant, CEO of GPIC at the Expo 2020 in the presence of Khalifa Al Zaffin – Executive Chairman Dubai Aviation City Corporation.
At the brief launch on the expo grounds in Dubai, some of the high-Level representatives and speakers attended the event namely: 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.
EZDubai, the e-commerce zone strategically located at the heart of Dubai South Logistics District, has 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.
Ahmad 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,” he stated.
Grant said the Expo presented a wonderful opportunity to outdoor Ghana’s numerous opportunities to investors around the world.
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.
“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,” he added.
