Ghana’s President Edgar Lungu has launched construction of the first-ever Multi Facility Economic Zone in Central Province by China Jiangxi United Industrial Investment at a cost of US $300m for the first phase.
The major investment for the Industrial park project has come as a result of the recent Central Province Investment Forum and Expo which attracted over 2,000 delegates. It will be located opposite Farm Store along the Great North Road.
“We believe that the project will use the location advantages of Central Province to promote the agriculture, manufacturing and food processing industries, which will contribute to local economic development and regional industrial upgrading,” said the President.
It is set to accommodate various industries including motor vehicle and generator assembly plants. The President pledged government’s continued support to those wishing to invest in the Multi Facility Economic Zones.
“The government will continue to encourage the development of Multi Facility Zones, industrial parks and farm blocks to foster industrialization and value addition. It is for this reason that the Ministry of Commerce, Trade and Industry has developed the national industrial policy, national monitoring strategy and the national investment promotion strategy, all aimed at creating a platform for continued development and growth,” said President Lungu.
“Apart from the Chibombo project, the Expo has seen a number of local and foreign investors expressing interest to invest in Luano, Chitambo and Ngabwe,”said President Edgar Lungu.
- Links: Construction review online
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