Accra, April 3, GNA -The Ghana Investment Promotion Centre (GIPC) has won an award for Best Project in West and Central Africa Region for 2016 at the Annual Investment Meeting (AIM) 2017 in Dubai.
The award was presented to the Chief Executive Officer of the GIPC, Mr. Yofi Grant by H.E Sultan Bin Saeed Al Mansoori, UAE Minister of Economy during the Investment Award Gala Dinner held on Sunday 2nd of April 2017 at Armani Hotel in Burj Khalifa, Dubai.
The GIPC, an agency under the Office of the President, won the award for the West and Central Region by showcasing the Rotan Power Project as a model project that meets the criteria for the awards.
The project was registered by the Centre in 2016 to generate a total of 660MW of thermal power at Aboadze in the Western region of Ghana; at an estimated value of $1.055 billion. It is a joint venture owned by Singaporean and Ghanaian partners.
The general requirements for submissions were: investment project, investment size, trade balance effects, knowledge transfer, technology transfer and innovative processes, sustainability and local linkages.
The award also recognized Investment Promotion Agencies (IPAs) for their outstanding work in successfully attracting sizable and beneficial foreign direct investment projects that contribute to the national economic growth and development of their countries.
Last year, the GIPC was adjudged the Best Investment Promotion Agency (IPA) in West and Central Africa for 2015 at the same event.
This year’s event, which is being held from April 2-4, 2017 at the Dubai World Trade Centre is the seventh edition of the AIM and was organized under the patronage of Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the United Arab Emirates and Ruler of Dubai.
The theme for this year’s award ‘International Investment, Path to Competitiveness & De-velopment’, focuses on how to attract the right kind of international investment that contributes to the competitiveness of national economies.
It sheds light on the special role of foreign firms in enhancing a country’s competitiveness which would in turn help them attract more investment.
The Ghana Investment Promotion Centre (GIPC) is attending the Conference in partnership with the Ghana Free Zones Board (GFZB). The team has been working to showcase Ghana through an exhibition and a series of meetings organized with high profile business people and companies from the region.