GIPC signs MoU with Dubai South to stimulate bilateral trade and investment

The government through the Ghana Investment Promotion Centre (GIPC) has signed a Memorandum of Understanding (MOU) with Dubai South, the largest aviation and logistics ecosystem hub in Dubai, to stimulate economic cooperation, bilateral trade and investment.

The MoU included one that was signed between the Chief Executive Officer (CEO) of GIPC, Yofi Grant, and the CEO of the Dubai South-Logistics District, Mohsen Ahmad.

Mr Grant and the CEO of Dubai Consultancy, Walid Hareb AlFalahi, signed another agreement to undertake initiatives and projects that would attract investment and promote trade and foreign relations between the United Arab Emirates (UAE) and Ghana.

The signing of the agreements was witnessed by the Executive Chairman of the Dubai Aviation City Corporation and Dubai South, Khalifa Al Zaffin, and the Senior Presidential Advisor, Yaw Osafo-Maafo.

The signing of the agreements was done on the sidelines of the Dubai Expo 2020 at Abu Dhabi, which provided a platform for Ghana to highlight the various opportunities in the country including business, culture and human capital.

The expo, sought to pave the way for a resilient global economy and enable robust business connectivity by supporting the growth of tourism, stimulating the development of innovative businesses, and international trade.

It is expected that the agreements would create an attractive environment for Small and medium-size enterprises (SMEs) and encourage the exchange of trade missions including assistance with business programmes, facilitating corporate networks and information exchange between Ghana and the UAE.

Commenting on the agreement, Mr Grant, noted that the agreement would come with three different packs, e-commerce, humanitarian, and a business pack, all aimed at boosting investment between Ghana and the UAE.

These packs, he said, would present opportunities for investment and job creation in the area of logistics, agriculture, and humanitarian activities of the United Nations (UN), with Ghana as the centre on connectivity to other parts of the world.

“Ghana is a strategic market for Dubai, and a gateway for UAE companies to enter attractive West African markets, and African markets in general,” the GIPC CEO, Mr Grant told investors.

He also commented on the Expo, and 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,” he emphasised.

The CEO of the Dubai Consultancy, Mr AlFalahi, said, “as a pioneer of establishing the first humanitarian free zone in the world I see the value and importance of Ghana as a logistic and humanitarian hub as it can serve all of West Africa and neighbouring origin countries.

On the other hand we plan to work with government of Ghana and support of Dubai South to grow trade links for ecommerce via Dubai to achieve larger trade between West Africa and Dubai.”

He said, Dubai South was with immense pleasure to ink the bilateral agreement with GIPC to promote a lucrative environment for businesses 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,” he added.

READ ALSO: Ghana Is Most Preferred Investment Destination In Africa – GBF Survey Reveals

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