The Delta State Government’s drive to attract foreign direct investment received a major boost on Wednesday as investors from Brazil, Malaysia and the United States expressed strong interest in investing in the state’s agriculture, energy and industrial sectors following an inspection tour of key investment sites across the state.
The investors, who participated in the Delta State Economic and Investment Summit, visited the Kwale Special Economic Zone, where they were conducted round the facilities of Kwale Gas Gathering Hub and Phoenix Company.
Leader of the Brazilian agribusiness delegation, Roberto Fonseca, described the Kwale Special Economic Zone as a well-conceived initiative capable of attracting global investors and boosting Nigeria’s industrialisation.
Fonseca said the delegation had monitored developments at the economic zone for some time before they decided to visit, adding that the project reflected the Delta State Government’s commitment to creating an enabling environment for investment.
He disclosed that the Brazilian group was considering investments in gas-fired power generation and a cassava processing plant through a joint venture arrangement, noting that Kwale’s strategic location made it an ideal destination for such projects.
