Business
RSG, S’Korea Partner On Greater PH Dev
The Rivers State Government has assured South Korean investors of its readiness to partner with them in the development of the new Greater Port Harcourt Authority.
Governor Chibuike Rotimi Amaechi gave the assurance on Friday when he received a delegation of South Korean businessmen led by the Minister of Niger Delta Affairs, Chief Ufot Ekaete at Government House, Port Harcourt.
Governor Amaechi said “we need you to partner with us to develop the new city and we want to see you as investors and not as contractors”, noting that his administration has enough political will to protect investors in the state.
He emphasized that Port Harcourt has the natural resources that could propel its economy as most oil and gas companies operating in the country have their headquarters in Port Harcourt in view of the status of the state as the hub of oil and gas business in Nigeria.
The governor assured the South Korean business delegation that they would derive maximum benefit from their investment if they took advantage of the opportunities presented by their visit.
The State Chief Executive said his government had carried out a comprehensive masterplan of the new city expected to be fully developed in 50 years and expressed happiness at the gesture by the Korean investors that the work target in the new city was achievable in less than 50 years through collaboration with the private sector.
He thanked the Minister of Niger Delta Affairs, Chief Ufot Ekaette for facilitating the visit of the South Korean business delegation to the state, assuring that the State Government was prepared to do its maximum best to place quality in its projects.
Earlier, the Minister of Niger Delta Affairs, Chief Ufot Ekaette, said the South Korean business delegation was in Nigeria to explore investment opportunities and they have come to the Niger Delta to utilize their capacity to help develop the region.
The Head of the South Korean business delegation Mr Philip Yun, expressed gratitude to the Rivers State Government for accepting to collaborate with them and made presentation on the possible areas of partnership in the development of the Greater Port Harcourt City.
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