The Coega Development Corporation (CDC) today welcomed the Consulate General Kang Yong of the People’s Republic of China at the Coega IDZ.
The visit by the Consulate General follows hotly on the heels late last year by the China Vice President – Dr LI Yuanchao, who congratulated the Coega Industrial Development Zone (IDZ) as one of the best IDZ’s in the developing countries.
Kang Yong, Consulate General of the People’s Republic of China commended the CDC on its good working, highlighting the positive feedback they’ve received from China investors located within the Coega IDZ.
“I have interacted with some of the investors located here from China like FAW and BAIC they have nothing but positive things to say about Coega and its management,” says Kang Yong, Consulate General of the People’s Republic of China.
“Your professionalism in delivering services to investors is highly commendable and is applauded greatly. We hope to see more projects from China coming to South Africa in the near future,” says Yong.
Currently the Coega IDZ boasts a number of projects from the People’s Republic of China including First Automotive Works (FAW) a R600-million assembly plant in Zone 2 of the IDZ together with the Beijing Automobile International Corporation (BAIC) a R11 billion investment in the Nelson Mandela Bay (NMB), in a completely knocked down (CKD) automotive manufacturing plant, located in zone 1 of the Coega IDZ.
The Coega CEO, Pepi Silinga, reiterated the CDC’s commitment to Foreign Direct Investment (FDI) in the region of the Eastern Cape by highlighting some of the many efforts the CDC has undertaken in ensuring that it remains an attractive destination to investors.