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Coega IDZ eyes another 11 investors


The Coega Development Corporation is aiming to secure another 11 investors for the IDZ in the 2014/15 financial year, which would make it the second year in a row that it will have signed 10 investors or more.

In the 2013/14 financial year, the Corporation signed 10 investors worth R1.84 billion, the first time any IDZ had secured a double-digit number of investors in a single financial year.

The Corporation says the value of the infrastructure investment for the 2014/15 financial year is more than R1.6 billion and that 819 operational jobs will be created.

The investments are in agro-processing, the Logistics and Transport Sector such as packaging, shipping, logistics, renewable energy, as well as the metals-, chemical- and plastics-sectors.

Source:Metrominute