GIPC backs $1bn UAE tech hub to boost Ghana’s digital economy

The Chief Executive Officer of the Ghana Investment Promotion Centre (GIPC), Mr. Simon Madjie, has endorsed the proposed $1 billion Innovation and Technology Hub by the United Arab Emirates (UAE), describing it as a major step forward in positioning Ghana as a digital and investment hub in the West African sub-region.
Speaking in Accra at a strategic meeting with the UAE Ambassador to Ghana, Dr. Abdulla Almandoos, Mr. Madjie said the initiative would not only strengthen bilateral economic cooperation but also drive Ghana’s long-term ambitions in the digital economy.
“This initiative can accelerate Ghana’s digital transformation and position the country as a hub for technological excellence in the region,” he stated.
The ambitious project, fully funded by the UAE’s Ports, Customs and Free Zones Corporation (PCFC), is scheduled to commence in 2026 and reach completion by the end of 2027. Ghana will provide the land for the development, while PCFC will lead the financing, construction, and management of the facility.
The Innovation and Technology Hub is expected to house a range of facilities, including data centres, incubators, co-working spaces, and infrastructure to support start-ups and established technology firms.
It is anticipated to become a magnet for foreign direct investment (FDI) into Ghana’s digital and knowledge economy.
Mr. Madjie said the GIPC would play a facilitative role in attracting global investors and ensuring the initiative aligns with Ghana’s development goals under the Ghana Digital Economy Policy.
For his part, Ambassador Almandoos underscored the mutual benefits of the project and encouraged regional telecom and tech firms to consider establishing operations within the hub.
He indicated that firms operating from the site could also benefit from UAE-issued licenses, enabling them to scale across international markets.
“This Ghana-UAE Innovation and Technology Hub aims to drive sustainable growth, foster collaboration, and boost innovation across various sectors,” Ambassador Almandoos noted.
Source: Classfmonline.com/Cecil Mensah
Trending News
U.S., Ghana explore stronger health collaboration
09:00E/R: Rehabilitation works begin on Koforidua-Suhum road to ease commuters’ plight
09:10President Mahama explores education and biotechnology partnerships in Singapore
06:39Ghana poised to become Africa’s digital trade hub – Vice President
16:39Miner hails gov't's gold-for-reserves policy, urges review of pricing to curb smuggling
20:16Don’t be intimidated by the presence of police; they're here to provide security – NYA CEO to Akwatia voters
08:50NDC’s Godwin Tameklo questions the use of Internally Generated Funds at Ridge Hospital
08:56Hassan Tampuli supports 238 tertiary students in Gushegu
06:13Volta Region launches National Apprenticeship Programme with 2,060 beneficiaries
13:51Gov't, Yagbonwura hold talks to end Gbiniyiri clashes
19:56