The Coega Development Corporation said the development of an aerospace cluster in the Industrial Development Zone could unlock thousand of future jobs.
The CDC said it has signed a Memorandum of Understanding with the National Aerospace Centre which is expected to unlock billions of Rands in the so-called .. Sky economy.
Business Development Manager, Mogamad Sadick Davids, says the aerospace cluster in the Coega IDZ, is expected to take up to three years to construct.
He says they're projecting a future return of R2.5bn in GDP per annum to the national economy.
"These projections are based on studies concluded by Nelson Mandela Metropolitan University (NMMU), based on both direct economic contributions as well as indirect contributions through supply chains and other supporting economic structures," Davids said.
In a statement he said "infrastructure development through foreign and domestic direct investment is projected to be valued at R257.7 million in year one and R354.6 million in year two. The CDC projects that in year three and four the investments will exceed the R1 billion per annum mark".
"We believe that 10 080 construction jobs can be created, operational jobs will offer 8 600 opportunities, and indirect jobs will amount to 13 500," said Davids.
Davids said there had been growing and positive support for the construction of this second airport in Nelson Mandela Bay and the establishment of aerospace and advanced industrial manufacturing industries.
"Local investors, such as Western Cape defence firms, and international investors, such as greenfield strategy exploration companies, as well as letters of intent from other domestic and international investors, are fuelling the development of the project," said Davids.
"To date, we have received investment proposals between R300 million in year one to R1 billion over a protracted period," he said.
Through the newly-formed partnership, Coega and the NAC will work towards the development of several aeronautical facilities, including an airfield with a 2 400 m runway/landing strip, a maintenance, repair and overhaul (MRO) facility for second tier aircraft manufacturers, a manufacturing park that will support research and development (R&D) through local and international academic institutes, and other projects related to advanced defence and aerospace manufacturing industries.
Both Coega and the NAC believe the initiative is aligned with South Africa's National Development Plan and the Industrial Policy Action Plan (IPAP).
"The existing expertise, skilled labour and logistics services from the Eastern Cape's automotive and manufacturing industries are important strategic advantages supporting aeronautical and aerospace manufacturing in the region," said Professor Richard Haines, head of Development Studies at NMMU.
"The region is well equipped to welcome investors such as Embraer, Bombardier, Beech Aircraft, Boeing, Airbus and other American, European, Russian and Asian investors for the manufacturing of aircrafts, helicopters, aerospace engines, auxiliary equipment, and parts and propulsion units. It has already shown how it competes globally with manufacturing through the presence of VWSA, GMSA, Ford, Mercedes Benz and FAW," Haines said.
"Through strong academic ties with NMMU, the NAC and industry networks, we can also pioneer aerospace product prototypes," said Dr Ayanda Vilakazi, CDC head of marketing and communications.
(Pic supplied) NMMU School of Economic Sciences Professor Richard Haines (front left) and National Aerospace Centre CEO Philip Haupt (front right) with Sadick Davids – CDC Business Development Manager (back left) and Thobisa Matiso – CDC young professional during a Coega Aerospace and Advanced Manufacturing meeting in Port Elizabeth this week.
