﻿PETRONIA CITY IS COMING INTRO
Ghana is gearing up to lead Africa in the real estate market
and a key component of this trajectory is Petronia city.
A project being handled by the infamous ghanaian billionaire, Nana Kwame Bediako.
In the last 20 years, Bediako has constructed and worked on over 700 mega real estate projects
all over the world, from Ghana to Singapore, Los Angeles, London and las vegas.
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Why Is it being built Petronia City is a projected
2000-acre city development project located around 8 kilometers from Takoradi, Ghana's Western Region
headquarters. The Western Region, which stretches from the Ivory Coast’s Comoé District in the west
to the Central Region in the east and includes the capital and huge twin city of Sekondi-Takoradi
on the coast, coastal Axim, and a steep inland territory comprising Elubo, is located in south
Ghana. It includes Cape Three Points, Ghana's southernmost point, where commercial quantities
of crude oil were discovered in June 2007. The region has a total size of 13,842 square
kilometers and a population of 2,060,585 people according to the 2021 Census. The Western Region
of Ghana receives the most rain, has beautiful green hills, and good soils. The Western Region's
economy is dominated by local and large-scale gold miners, as well as offshore oil rigs. The
Akans dominate the culture, with Akan, French, and English as the primary languages. The Western
Region has a long coastline that spans from the Ivory Coast's southern border to the Western
Region's eastern border with the Central Region. The Ankobra, Bia, and Pra rivers are the largest
rivers in the east, with the Tano River forming part of the western national border. The UNESCO
World Heritage Site and settlement of Nzulezo, built entirely on stilts and platforms over water,
and the Ankasa Protected Vicinity are both located in the area. From 1512 onwards,
a series of formidable Portuguese, Dutch, British, and Brandenburgian forts were built
along the shore. There are various post-secondary schools in the Western area, including teachers'
and nursing colleges, as well as two universities: UMaT in Tarkwa and Takoradi Technical University,
formerly Takoradi Polythecnic. The project, however, was not easy to start
because it required talks with the caretakers of the property on which it was to be built. Nana
Kwame Bediako later stated in an interview with Forbes that "it was a labor of love, a project
nine years in the making, one accomplished with the consent of over sixty-five families,
twelve chiefs, and three sub chiefs," and he also recalls spending a lot of time trying to
persuade them, frequently traveling in and out of the area and holding back-to-back meetings.
As Africa continues to develop into the late twenty-first century, it has the opportunity
to build the cities of the future and design a future that all Africans can be proud of.
With most European and Asian cities being either relics of the industrial revolution
or old fashioned and energetically unsustainable, Africa has the opportunity to make strides toward
building fully environmentally and energy efficient cities that would amaze the world.
Africa has the chance to create truly future cities where technology meets development
and sustainability. It won't surprise you if you arrive in an African city and feel as
if you've just stepped into the future. However, this future must be constructed by Africans first,
which is why smart young developers like Nana Kwame Bediako are so important to the future we
all want to build. Pretonia City, for example, is more than just an infrastructure project;
it is a light of hope for a generation of Africans longing for change and growth.
But Nana isn’t the only one on board for this project as we also have the likes of Azad Cola.
A multi millionaire real estate developer in London. Azad told forbes that he collaborated
in the project because he wanted to build a platform of sustainable industrial development,
producing and manufacturing to an international standard that will bring investment, training and
a number of additional socio-economic benefits to the local and wider communities in Ghana.
The cost of importing the required materials and bringing the right professional
expertise is currently a huge barrier to the regions' public and private sectors
ability to fund the required investment into infrastructure and development.
By providing the capability to produce within, to not export for the purposes of refining or further
manufacturing, but to turn the supply chain around and have easy access to a huge marketplace,
was an opportunity which spoke for itself. However, he needed to understand local dynamics;
he needed a partner with not just the vision, but the know-how and who better than Nana Kwame
Bediako. His vision is to use this platform and free zone enclave is going to expedite the
supply chain in a sustainable environment to meet growing market demand both ECOWAS and Pan-African.
He believes he can bring true autonomy to this part of the continent, one development
at a time. And there is no doubt that when construction is done on petronia, there will
be several other major projects in the pipeline for both Azad Cola and Nana Kwame Bediako.
Petronia seeks to become the first fully integrated commercial center
for the oil, gas, and mining industries in the West African region.
Following the 2007 oil discovery and concomitant development in socio-economic activities in the
region, the Petronia City project was established to address the infrastructural deficiency in
Ghana's Western Region. But before we get into the nitty gritty of petronia city, please take
a second to hit the hit the like button as it enables our content reach more people.
As earlier mentioned, The notion is that, as a result of the tremendous expansion in the oil,
gas, mining, financial, and government sectors in the area
as a result of the oil finding, specific infrastructures will need to be created
to accommodate the expanding industries and expedite the region's overall growth.
The project, on the other hand, was simple to start because it required agreements with the
custodians of the property on which it was to be built. Nana-Bediako stated at the Ghana CEO Summit
in 2021 that the continent can only progress through industrialisation, implying that there is
a significant gap in African countries' economic activities. Speaking from personal experience in
real estate development, the billionaire stated that housing provisions are not affordable,
which is why the government needs to partner with the private sector in order to revolutionize the
country's notion of progress, which would begin with industrialisation.
“As a developer, if you can build hundred homes and you don’t really
find the people who have the money to buy, you would start to think about how you are
going to get those people to become richer. “My dream is not to be extremely successful from
development, my dream is to develop nations to impact societies and to do that I should
be able to help the country get built. That is why I came up with the vision, Petronia City.
I realised that Africa will not be built without new Cities,”Nana-Bediako said.
When will it be completed? Details on when petronia will be
completed are a little sketchy but official estimates predict it should be completed
by November 2022 as the project has already entered the third phase of development.
Petronia comprises a residential, commercial, and office spaces,
hotel, retail, healthcare, entertainment, recreation, convention and civic facilities,
green open spaces, theme parks, and a golf course are all part of the themed mixed-use complex.
The development will represent the concept of living, working, praying, and playing all
in one convenient location. Phase 1 of the development is already underway and phase 2
is three separate components, Energy City will be the main business district
and nerve center of Petronia, Golf Village – a Golf community with an 18-hole, world class
golf course and institutions, paving the way to further retail and commercial opportunities,
housing development and luxury accommodation and finally still phase 2 is an Oil & Gas University.
So as earlier mentioned, the phase 3 is already being constructed
and as earlier mentioned. It will focus on will expand on Petronia city’s residential,
commercial and recreational facilities, civic institutions and landscaping. The city is said
to be the talk of west Africa with Highlights of the additional development said to include a
world-class transportation hub, multi-purpose stadium and an Oil and Gas University.
Once completed, petronia city has even been touted to be the silicon valley of Africa. This
is obvious as it would be indispensible to have so many industrial and finance sectors conveniently
in a business hub environment like petronia city without applying the latest and greatest
in next Gen technology. Things like 5G, high speed public transport and so on. Aside from Petronia,
Africa as a whole has the potential to catch up to the West in terms of technical scalability.
I am a firm believer in the 4th Industrial Revolution's virtues,
believing that technology would enable Africa to connect to the global marketplace and compete
effectively. Farming began civilization, then industrialisation wedded farming,
and now technology has entwined the two. Changing technological developments will have
a significant impact on all businesses. I live in California part-time for a variety of reasons,
not the least of which being the state's natural beauty. I envision a strong economy bolstered by
industry, as well as a Silicon Valley that can be fully established in Africa.
This can become a reality if, there is both public and private sector goodwill, as well as local
community and international investor receptivity, which we hope to foster in Ghana and Petronia.
Creating a Silicon Valley in Petronia entails luring the best technological businesses from
across Africa and beyond to the region. This 'Energy City' will feedthe industrial platform,
while Silicon Valley will provide that platform and the region with high-skill
education and employment. Transferable skills will continue to be a responsible investment
in and for localized communities, as well as a necessary consideration, which is often overlooked
in emerging market integration. conclusion
In recent years, Ghana's real estate business has experienced significant growth. As the country's
population rises dramatically each year, there has been a significant increase in demand for land.
Both locals and expatriates have an interest in purchasing real estate,
whether for commercial or business goals or simply to lay the groundwork for a home.
Whether you're a foreigner trying to invest in Ghana's real estate market or a Ghanaian hoping
to purchase a new home or piece of land, the issue of how to get started is a typical one.
So projects like petronia city are a lifesaver to the Ghanaian people. If you enjoyed this
video please do not forget to hit subscribe so you can become part of our community here at
think rich media. Also leave a comment so we can know what you think about petronia city,
are you excited or pessimistic? Let us know. Thanks for watching and see you in another video.