Akwa Ibom government has announced plans to develop an industrial park as well as a jetty in Ikot Abasi local government of the state
Governor Udom Emmanuel said it was part of efforts of the state government to create business opportunities and boost its industrial programme.
Udom who spoke during the signing of the Memorandum of Understanding (MoU) between the state government and the developers headed by 3W Alliance (Ltd) and allied partners said it was part of efforts to create business opportunities and boost the state government’s industrialisation drive.
He said the success of businesses depended on reliable infrastructure, security and transparent legislation.
According to him, legislation exists to protect the laws guiding businesses and expressed satisfaction that the arbitration of the MoU was under the country’s jurisdiction.
He said the project would commence soon based on the assurances from the major financiers.
Speaking while signing the agreement on behalf of the contractors, Umaru Abdul Mutallab, Chairman of 3W Alliance and leader of the delegation assured of their readiness to execute the project as required.
Mutallab, a former Minister of Economic Development commended the governor on his foresight, describing the industrial park as a significant economic investment for the people of the state.
Other partners in the project who accompanied Mutallab included, Emilio Magoni of Impresit Bakolori, Oliver Zheo representing Longxin Group, Jackson Ilusiantei from Nebei Port in China, Emmanuel Okon of Eminence Oil and Chemical and Rabi Momoh who led the team from Heritage Bank, Olojede Alani of New Insurance and Bolarinwa Sanmi of Pan Africa Capital.
To sign the agreement on behalf of the state government included the Attorney General and Commissioner for Justice, Uwemedimo Nwoko, Commissioner for Investments, Trade and Industry Eno Ikpe and the senior special assistant to the Governor on Technical Matters and Due Process Ufot Ebong.
