The Coega Development Corporation says three investment projects worth over a billion rand will be rolled at out at the Industrial Development Zone from April, 2017.
In a statement Thursday, the CDC said these projects will be in the metals and manufacturing industrial sector of the IDZ.
CDC Business Development Manager, Sadick Davids, said the three projects in the process of implementation are a R650m cement grinding plant, a R71 million ready mix concrete Plant, and a R350m Gas Cylinder Plant.
“The metals and manufacturing industrial sector of the Coega IDZ will soon roll out three investment projects, with the first project’s site handover planned for April 2017,” said Davids.
"Some of the aforementioned investment projects are owned by the previously disadvantaged people, particularly women. Therefore, the CDC is proud to be amongst government institutions who continue to support programmes that contribute towards industrialization and economic transformation of the people that come from previously marginalised communities," added Davids.
The CDC said over the past eight years it has created more a total of more than 83 405 jobs through all its investment projects.
However, head of marketing, Dr Ayanda Vilikazi, said it’s projected that the Coega Development Corporation would, for the first time in 16 years since inception, exceeds 100 000 jobs by the end of the 2016/17 financial year.
He said the implementation of these investment projects is evidence of the CDC’s commitment to advancing the socio-economic development of the EC province..
