Business

December 6, 2011

Delta woos UK, Chinese investors for Koko FTZ

The Delta Government has invited  investors from the UK, China, India and other countries to exploit the abundant business opportunities at the Koko Free Trade Zone.

Chief Afam Obiago, Economic Adviser to Gov. Emmanuel Uduaghan made the disclosure in Asaba an interview with newsmen.

He said the invitation was in fulfillment of the governor’s election promises that the state would require direct foreign investments to create employment. Obiago said that following the governor’s trip abroad; three prospective investors had signified their desire to invest in the state.

“We were in China, we were in the UK, we have been quite busy and we do recognise that in order to fulfill our election promise of creating employment, we will need foreign direct investment.

“Foreign direct investment is related to employment creation because it comes with industrialisation and investment. During these trips, we spoke with prospective investors and urged them to consolidate on projects that are on the drawing board,” he said.

The Economic adviser explained that while some of the investors gave their commitment to invest in the state, others had already mobilised to site to undertake preliminary soil test and environmental impact assessment.