{"id":5849,"date":"2024-07-26T14:10:59","date_gmt":"2024-07-26T12:10:59","guid":{"rendered":"https:\/\/mype.co.za\/business\/?p=5849"},"modified":"2024-07-26T14:10:59","modified_gmt":"2024-07-26T12:10:59","slug":"coega-making-strides-in-wild-coast-industrial-park-development","status":"publish","type":"post","link":"https:\/\/mype.co.za\/business\/coega-making-strides-in-wild-coast-industrial-park-development\/","title":{"rendered":"Coega Making Strides in Wild Coast Industrial Park Development"},"content":{"rendered":"<p>The Coega Development Corporation (Coega) speaks on the significant progress in the development of the Wild Coast Industrial Park, a pivotal project aimed at enhancing economic growth and industrialisation in the Eastern Cape Province.<\/p>\n<p>Dr. Ayanda Vilakazi, Coega\u2019s Unit Head of Marketing, Brand, and Communications, emphasising Coega&#8217;s 25 years of experience and International Organization for Standardization (ISO) certification, stated that Coega is spearheading the project&#8217;s implementation to enhance state capacity and service delivery, ensuring the realisation of the Wild Coast Industrial Park to drive economic transformation and uplift the region.<\/p>\n<p>The Wild Coast Industrial Park was established to bolster the agro-processing sector, promote the beneficiation of agricultural resources, build manufacturing capabilities, and rejuvenate Mthatha and surrounding areas as a significant industrial hub. Aligned with the District Development Model, the project prioritises job creation, infrastructure development, and innovation in rural provinces and districts.<\/p>\n<p>Spanning 226 hectares, the park boasts proximity to major transport routes, robust infrastructure development, and a strategic location central to three district municipalities. With signed investment commitments from sectors such as agroprocessing, beverage manufacturing, poultry processing, and starch manufacturing, the Park showcases its potential as a vital industrial hub.<\/p>\n<p>During the 2022 State of the Province Address (SOPA), the Eastern Cape Premier, Honourable Lubabalo Mabuyane, declared that the &#8220;Wild Coast Industrial Park is no longer a dream, it is a reality.&#8221; Progress has been made, with the completion of phase 1 (fencing) and the rollout of bulk infrastructure, including sanitation, water, and electricity. The Department of Trade, Industry and Competition (the dtic) has invested R49.5 million in the project, expected for completion in November 2025.<\/p>\n<p>According to the former Minister of Trade, Industry and Competition (the dtic), Honourable Ebrahim Patel, during the 2022 budget vote, \u201cTransformation is about building an economy that works where our people are bringing development to rural provinces and districts. Our revised approach to spatial industrial policy, informed by the District Development Model, will see the dtic supporting projects that create jobs, infrastructure, and innovation in Districts across the country.\u201d<\/p>\n<p>The Wild Coast Industrial Park aligns with this approach, and the Eastern Cape Provincial Government is currently implementing the Wild Coast Industrial Park Strategy, driving its development forward.<\/p>\n<p>One key contributor for successful establishment and operations of SEZs and Industrial Parks today is access to fast, reliable, and cost-effective <a title=\"\" class=\"aalmanual\" target=\"_blank\"   style=\"color:#1e73be;\" href=\"https:\/\/straton.co.za\">telecommunications<\/a> systems and services for investors located in the zone. Notably, in 2022\/23 financial year (FY), significant progress was made in information and communication technology, including the completion of a market study on telecommunication services, finalising fibre infrastructure and connectivity designs, completing data centre designs, and initiating the appointment of an internet service provider and data centre construction, to name a few.<\/p>\n<p>In the 2024\/25 FY, the planned economic research for the Wild Coast Industrial Park will focus on several key areas, including the agroprocessing incubator, logistics hub feasibility study, abattoir operational model analysis, blue ocean market study, digital hub feasibility, and hospitality industry. Moreover, social facilitation and stakeholder engagements will continue, and Small, Medium, and Micro Enterprise (SMME) training will be provided to ensure that targets are achieved. <\/p>\n<p>\u201cAs the Implementing Agent of Choice, Coega is committed to ensuring that the Wild Coast Industrial Park becomes a success story, driving inclusive economic growth, job creation, and fostering innovative solutions in the Eastern Cape Province. With its 25-year expertise and experience in the development of mega infrastructure projects and industrial parks throughout the African continent, Coega is confident that the project will achieve its objectives and become a key industrial hub in the region,\u201d concluded Dr. Vilakazi.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Coega Development Corporation (Coega) speaks on the significant progress in the development of the Wild Coast Industrial Park, a pivotal project aimed at enhancing economic growth and industrialisation in the Eastern Cape Province. Dr. Ayanda Vilakazi, Coega\u2019s Unit Head of Marketing, Brand, and Communications, emphasising Coega&#8217;s 25 years of experience and International Organization for [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","footnotes":""},"categories":[540],"tags":[546],"class_list":["post-5849","post","type-post","status-publish","format-standard","category-business-news","tag-coega","entry"],"_links":{"self":[{"href":"https:\/\/mype.co.za\/business\/wp-json\/wp\/v2\/posts\/5849","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mype.co.za\/business\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mype.co.za\/business\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mype.co.za\/business\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/mype.co.za\/business\/wp-json\/wp\/v2\/comments?post=5849"}],"version-history":[{"count":1,"href":"https:\/\/mype.co.za\/business\/wp-json\/wp\/v2\/posts\/5849\/revisions"}],"predecessor-version":[{"id":5850,"href":"https:\/\/mype.co.za\/business\/wp-json\/wp\/v2\/posts\/5849\/revisions\/5850"}],"wp:attachment":[{"href":"https:\/\/mype.co.za\/business\/wp-json\/wp\/v2\/media?parent=5849"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mype.co.za\/business\/wp-json\/wp\/v2\/categories?post=5849"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mype.co.za\/business\/wp-json\/wp\/v2\/tags?post=5849"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}