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The Coega Development Corporation says the IDZ is a hive of construction activity as new investors start laying the foundations for their developments.
It signals the onset of major industrial activity within the Industrial Development Zone.
CDC's Ayanda Vilikazi, says construction is underway on either side of the N-2 outside Port Elizabeth.
Chinese carmaker, First Automotive Works, is busy with the initial phase of its R280m investment in a truck assembly plant.
Across the way, Famous Brands, is constructing a cheese factory to provide inventory to its franchise stores in the Eastern Cape.
Vilikazi says investor confidence in the Coega IDZ has shown significant growth with a total of six new investors committing to the Coega IDZ in the latter half of 2012.
He says total overall investment value amounts to R1.7b.
