Dubai South, GIPC sign MoU to promote economic ties & bilateral trade

By Shilpa Annie Joseph, Official Reporter
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Dubai South
Officials from Dubai South and GIPC at the MoU signing ceremony.

Dubai’s largest single-urban master development focusing on aviation, logistics, and real estate, Dubai South has signed a Memorandum of Understanding (MoU) with Ghana Investment Promotion Centre (GIPC) to encourage economic cooperation, bilateral trade, and investment.

Under this agreement, the two parties intend to establish an attractive environment for small and medium enterprises (SMEs).

Further, it will support the exchange of trade missions with all-rounded preparation, such as assistance with business programs, promoting corporate networks, and information exchange between the two entities.

Mohsen Ahmad
Mohsen Ahmad
CEO – Logistics District
Dubai South

“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 has 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 a resilient global economy and enable robust business connectivity. The MoU would create an attractive environment for small-medium enterprises and encourage trade missions and bilateral trade as well as investment.”

Mr. Yofi Grant, CEO of GIPC, has stated that the Expo is a fantastic platform to showcase Ghana’s countless potential to investors from across the world. Ghana’s participation in the expo is guided by the sub-theme ‘limitless opportunities’ aimed at highlighting the huge investment potential in critical sectors.

Yofi Grant
Mr. Yofi Grant, CEO of GIPC, addressing the audience.

“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, agriculture and agro-processing, as well as health,” he noted.

“The two countries have had a good relationship and diplomatic relations were now improving with the opening of the United Arab Emirates embassy in Accra in 2017, which has been very engaging bring businesses to Ghana and opening of Ghana’s Embassy in Abu Dhabi in 2018,” Mr. Grant further added.

Related: Dubai Chamber inks MoU with Angola-UAE Chamber to improve commercial ties