On the back of assurances of adequate support infrastructure by the Edo State government, Atlantique Marine & Engineering Services Ltd (AMES) said it has concluded plans to work with the state government to construct a 250,000 tons-per-annum pipe and coating plant in the state.
Obaseki, who received the management team of AMES Pipe mill and Coating Limited and UDECM Incorporated,Â United States of America, at the Government House in BeninÂ City, on a courtesy visit, disclosed that the state was willing to provide requisite infrastructure to attract and sustain investments in the state.
The governor assured the investors that he was committed to improving the ease of doing business, noting, â€œThe state has provided 996 hectares industrial estate, improved security and now has a one-stop-shop to encourage investors in the state. The industrial estate is being developed to encourage production of locally-made products as well as create domestic market for the products, which will serve the country.â€
“We are committed to developing programmes that will attract more businesses to the state.Â We are revamping the stateâ€™s security architecture. We are also making plans to facilitate sufficient supply of power forÂ businesses to operate within the industrial estate,â€ he added.
Earlier, the spokesperson for the delegation, Engr. Charles Akhigbe, said the funding for the 250,000 tons per annum pipe mill and coating plant has been secured.
â€œThe plan is to carry out the ground-breakingÂ in two monthsâ€™ time. We anticipate that the project will be deliveredÂ within a year. Within one year, we intend to commence production of pipes for the construction industry and in another year and half, we should be producing pipes for the oil and gas industry.â€
He applauded governor Obaseki led-administration for developing the ease of doing business framework.