Dr. Tony Aubynn, CEO of the Petroleum Hub Development Corporation (PHDC), is calling on local investors to take advantage of the opportunities within the upcoming petroleum hub project. Speaking on Joy News’ Current Affairs programme News Desk, Dr. Aubynn emphasized that “investment has no color” and highlighted the crucial role of local investment in driving economic growth and development.
Dr. Aubynn outlined the key benefits available to local investors, including tax waivers and streamlined regulatory processes are managed by the PHDC. “These incentives serve as strong motivators, ensuring a seamless experience for investors, allowing them to focus on their core business activities,” he explained.
His vision for the petroleum hub extends beyond oil and gas investments. He is encouraging individuals and businesses to collaborate on critical infrastructure development, such as road construction, hotels, schools, and water supply projects. According to Dr. Aubynn, these initiatives will not only create jobs but also facilitate technology transfer and sustainable economic growth.
Local Content Development & Community Impact
The Petroleum Hub project prioritizes local content development, ensuring that local goods and services are utilized, thereby strengthening the domestic economy. Dr. Aubynn’s message is clear: economic growth is not solely dependent on international investors, local investors have a pivotal role in shaping the future of their communities and the nation at large.
His call to action serves as a reminder that now is the time for local businesses to seize the moment and be part of this transformative initiative.
PHDC CEO Urges Local Investors to Seize Opportunities in Transformative Petroleum Hub Project
