The Petroleum Hub Development Corporation (PHDC) has advanced its engagement with Qatari investment firm Al Jedad Holdings and its Ghanaian partner, Fortune Investment, in a bid to fast-track participation in the multibillion-dollar Petroleum Hub project.
The meeting, chaired by PHDC Deputy CEO of Finance and Administration, Halimatu Sadia Abdulai Abu, focused on strengthening earlier discussions and moving closer to a concrete agreement.
Joining the session virtually from Singapore, where he is attending the 2025 Africa-Singapore Business Forum, Acting CEO Dr. Toni Aubynn highlighted the incentives available for investors and announced a 30-day window to secure regulatory approvals. This move, he noted, will pave the way for Al Jedad Holdings and other firms to actively contribute to the hub’s construction.
Mrs. Abdulai assured participants that PHDC is working closely with regulators to address potential bottlenecks and streamline processes for smooth project delivery.
A detailed presentation by PHDC’s Director of Operations and Technical, Kwabena Owusu-Abrokwa, shed light on the scope of the hub. He highlighted plans for petrochemical facilities, including a fertiliser plant, as well as supporting infrastructure such as ports and jetties.
Al Jedad Holdings’ Managing Director, Abdelkader Boukari, expressed optimism about the partnership, stressing the company’s commitment to making the fertiliser plant a central feature of the project. He described the discussions as productive and looked forward to finalising an agreement with PHDC.
