Hasan Ghana Investment Limited is to invest over four billion dollars in the Sekondi Industrial Freezone enclave.
The company would invest in mineral processing facilities, logistics terminals, residential complex, exhibition centres and many social amenities, which would also create opportunities for small and medium scale companies to be established.
Mr Luke Luang, President of the company, who announced this at a community durbar at Mpintsim on Thursday, said a Memorandum of Understanding had been signed with the three anchor tenants, namely Mpintsim, Sofokrom and Ando, which made them the only official developer of the industrial enclave.
Mr Luang noted that the first phase of the project, which was the construction of Integrated Aluminum Processing Industry, would create over 50,000 jobs for local artisans, adding “We are mindful of local content inclusion”.
He said the enclave was also to support comprehensive industrial mineral processing activities, which would position Ghana as the gateway to the West Africa sub-region.
In addition, he said, the development of the industrial enclave would bring about value addition in the employment sector, investment, and global market share.
Hasan Ghana, a subsidiary of Hasan International Holding Company Limited, is well vested in city infrastructure, housing development, insurance, finance and many other government related projects.
Mr Kwame Nsiah Asante, Estate and Enclave Development Manager of the Ghana Freezones Board, said the project would cover over 2,500 acres of land acquired by government over a decade ago.
He noted that the completion of the projects would help in export and other strategic investment.
Mr Kobina Prah Annan, Sekondi/Takoradi Metropolitan Chief Executive, said the Government would construct two dams on River Pra to generate additional electricity for smooth operation of the company in the enclave aimed at achieving the better Ghana agenda.
He said the success of the project called for the collaborative efforts of the community, the Assembly and the Free zones Board.
Nana Yade Kojo IV, Chief of Mpintsim, on behalf of the other communities, lauded the Government’s initiative and pledged the community’s support for the project.