PCFC Agrees on Partnership with Ghana for Establishment of Initial Economic Zone and Digital Hub in Accra
Dubai Secures Ghana's First Economic Zone and Digital Incubator
In an exciting turn of events, the Ports, Customs and Free Zone Corporation (PCFC) of Dubai has inked a groundbreaking agreement with the Ghanaian government. This agreement paves the way for Ghana's initial economic zone and digital incubator in Accra, solidifying Ghana's stance as a potential West African tech powerhouse.
The agreement was officially signed by H.E. Sultan Ahmed bin Sulayem, Chairman of PCFC, and Hon. Samuel Nartey George, Ghana's Minister for Communication, Digital Technology and Innovation. The deal grants PCFC control over a 25 square kilometer area in Accra, where they will spearhead the development and operation of the zone.
The primary objectives of this partnership are twofold. Firstly, it's all about digital transformation, aiming to expedite Ghana's journey towards becoming a regional hub for technology companies. Secondly, the project incorporates a digital incubator, designed to nurture innovation, attract global tech giants, and strengthen digital infrastructure within the zone.
According to bin Sulayem, this project marks PCFC's commitment to promoting sustainable growth, technological progress, and knowledge-based economies globally. Meanwhile, Ghana's Minister Samuel Nartey George expresses that this economic zone aligns with Ghana's broader digital vision.
A joint task force comprising experts in AI and investment from both countries will oversee the project. The ultimate goal is to empower local businesses, generate jobs, and bolster regional economic ties.
This agreement symbolizes a significant leap in UAE-Ghana relations and highlights a shared dedication to digital innovation and inclusive prosperity across Africa.
News Source: Dubai Media Office
Enrichment Data:- Location and Scope: A 25-square-kilometer area in Accra has been granted to PCFC for the development and operation of the economic zone[1][2][5].- Objectives: - Regional Technology Powerhouse: The initiative aspires to catapult Ghana into a regional tech hub and attract investments into West Africa[1][3][5]. - Digital Incubator: The project includes a digital incubator intended to spur innovation, attract global tech firms, and improve digital infrastructure and property development within the zone[1][3][5].- Leadership and Oversight: PCFC will steer the zone’s operations, with guidance from specialized teams from both countries focusing on AI and investment. These teams aim to foster innovation, business growth, and regional connectivity[1][5].- Economic and Social Impact: - Job Creation and Empowerment: The project targets to empower local communities, traders, and investors, driving sustainable and inclusive economic advancement[1][5]. - Attracting Talent and Investment: The zone aims to position Accra as an attractive destination for international talent and business[1][5].- Strategic Partnership: The agreement represents a strategic milestone in UAE-Ghana relations, underscoring a shared dedication to digital innovation and knowledge-based economic growth across Africa[5]. In essence, the collaboration capitalizes on Dubai’s expertise in economic zone development and digital transformation, aiming to boost Ghana’s industrial and technological infrastructure and elevate its stature as a regional hub for innovation and investment[1][3][5].
- The groundbreaking agreement between the Ports, Customs and Free Zone Corporation (PCFC) of Dubai and the Ghanaian government will see the development and operation of Ghana's first economic zone and digital incubator, solidifying Ghana's position as a potential West African tech powerhouse.
- This project, overseen by a joint task force comprising experts in AI and investment from both countries, aims to position Ghana as a regional hub for technology companies and accelerate its digital transformation.
- The digital incubator within the economic zone is designed to nurture innovation, attract global tech giants, and strengthen digital infrastructure within the zone, further aiding in Ghana's transformation.
- The agreement marks PCFC's commitment to promoting sustainable growth, technological progress, and knowledge-based economies globally, while aligning with Ghana's broader digital vision.
- The collaboration between the UAE and Ghana in this project is expected to empower local businesses, generate jobs, and bolster regional economic ties, symbolizing a significant leap in UAE-Ghana relations.
- This strategic partnership is about more than just economic development – it represents a shared dedication to digital innovation and inclusive prosperity across Africa.
