Rotimi Akeredolu, governor of Ondo state, has signed a memorandum of understanding (MoU) with the private office of Dalmook Al Maktoum, a member of the Dubai’s ruling family.
Akeredolu, who signed the agreement on behalf of the state, said he is seeking the collaboration of Dubai in developing Ondo and widen its investment horizon.
In accordance with the terms of this MoU, the Parties have expressed their intention to collaborate and work together on other business opportunities including : Setting up new conventional, renewable and hybrid power projects including the potential to re-power existing power plants.
Other objectives of the MoU are exploring the potential to develop oil blocks and strategic storage terminals, developing cashless solutions for internally generated revenues (IGR) on direct assessment: and any other projects of mutual interest.
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In a statement, the government of Ondo said Akeredolu was invited to meet Abdulla Ahmed Al Saleh. under secretary for foreign trade, ministry of economy in the United Arab Emirates to discuss opportunities in Ondo.
“Akeredolu and his team were also invited to meet with His Highness Sheikh Ahmed Dalmook Al Maktoum and the Dubai Port Authority team on the Portondo and the bigger economy of the state,” the statement read.
“Consequent upon the successful meetings, the Governor has sealed a deal for the development of the proposed Deep Sea Port in the state and other infrastructure development.”
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The statement said Akeredolu’s administration had completed a feasibility study on the proposed Deep Sea Port in Ilaje local government area of the state.
“The feasibility study prepared by the MTBS led by its Managing Director, Netherlands, Mr. Chime Asonye, accompanied by the firm’s project leader, Mr. Willem Slenderbroek has been forwarded to the Nigeria Port Authority (NPA),” it read.
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