The Saldanha Bay Industrial Development Zone has concluded investment agreements which bring the total of signed investors to eight and the investment value to just over R3-billion.
This investment includes five international investors from the United Kingdom, Europe, the Middle East and elsewhere in Africa, with the rest being local South African companies.
Trade and Industry spokesperson Sidwell Medupe said: “All these investors are investing in a variety of fabrication workshops for steel and other metals, equipment and marine repair facilities, oil lubricant and fuel plants, as well as specialised engineering services.”
Trade and Industry Minister Dr Rob Davies expressed his satisfaction with the investment agreements.
“The investments signal a significant start of establishing new industrial value-chains in and around the Port of Saldanha. The Saldanha Bay Industrial Development Zone is part of the Department of Trade and Industry’s (the dti) Special Economic Zones Programme and is developing into a world-class offshore and maritime hub,” Davies said.
Davies added that, in 2011, the Western Cape provincial government, in partnership with the City of Cape Town, had established a manufacturing hub for green technologies in Atlantis, which attracted large investors even before the designation was official. “Four of these investors are already operational with more expected to take occupancy within the SEZ in future once the facility is fully operational. This development will also allow the people of Atlantis to become involved in economic opportunities right on their doorsteps, and play an integral part in growing their economy.
Western Cape Premier Helen Zille noted that the Western Cape green economy strategic framework serves as the province’s roadmap to becoming the leading green economic hub on the African continent, and the SEZ’s official launch is yet another step forward in this regard. “We have identified the green economy, together with agroprocessing and tourism, as key sectors under the Western Cape’s economic strategy, Project Khulisa. It focusses on sectors that prioritise jobs for young people, has a significant jobs impact in rural areas and opportunities for people with entry-level skills,” she pointed out. Zille added that, as a green investment destination, the Western Cape offers an emerging national renewable energy and cleantech hub; a range of investment incentives in Atlantis Greentech SEZ; as well as major opportunities for investors in, energy services, utility scale solar and wind, waste, water, bioeconomy and resource efficiency.