SUBSIDIARY NAME
Buipe Port Special Economic Zone and Water Front City Project
COUNTRY
Republic of Ghana
SECTOR/ INDUSTRY
PORT
OWNERSHIP %
70% IIB-DG
ACQUISITION DATE
August 19, 2022
ACQUISITION VALUATION
3 BILLION
TOTAL ASSET VALUATION
30 BILLION
SHIPYARD, DOCKS, PORTS
BUIPE PORT SPECIAL ECONOMICAL ZONE AND WATER FRONT CITY PROJECT: involves the development of a 1000 ha multi-purpose port and Special Economic Zone (SEZ) in Buipe with the following components warehouses and logistic complex building material and metal based industrial clusters Agro-processing industries. Truck terminal 70 MW solar power farm to serve the city and the port oil storage extension and probably gas storage (new). Sites for transport facilities (Truck & container parking area) multipurpose port for dry bulk and miscellaneous items (existing) small container port and water front city with distinct identity.