Construction on the Coega Development Corporation’s (CDC) R86-million multi-user facility has started, with half of the building space in the first phase already assigned to potential investors.
The multi-user facility will be located in Zone 3 of the Coega Industrial Development Zone (IDZ) in Nelson Mandela Bay.
The facility, which will have 6 000m2 under roof, will be located on seven hectares of land to allow for future development phases. The facility will include smaller units ranging between 350m2 and 1500m2 under one roof with communal infrastructure.
“We have already signed term sheets with four South African companies in the agro-processing and light manufacturing sectors,” said Dr Keith du Plessis, CDC’s agro-processing business development manager.
The development will include four development phases, creating a complex of approximately 25000m2 when completed in the future.
The multi-user facility will enable small, micro and medium enterprises (SMME’s) and larger more established companies to expand their processing and value-addition activities in the Eastern Cape.
“Investment interest in the multi-user facility has been very positive. Companies interested in occupying space are welcome to contact the CDC. The Coega IDZ is a strategically important location for business. Our position sets us apart from other foreign direct investment locations. The CDC is situated at the centre of east-west trade routes serving both the world and African markets served by all the world’s major shipping and logistics companies a modern, with a deep-water port and purpose-built container, bulk and break-bulk terminals,” he said.
The multi-user facility project is funded by the Department of Trade and Industry (DTI) and is in line with their Industrial Policy Action Plan (IPAP).
Dr Ayanda Vilakazi, CDC Head of Marketing and Communications believes the project will create significant advantages particularly for SMME’s through the provision of shared infrastructure.
“This facility is expected to lead to a substantial increase in investment in the agro-processing and light manufacturing industries, which could result in increased production, job creation and diversification of these sectors,” said Dr Vilakazi.
It is anticipated that construction of phase one will be completed during the first quarter of next year.
Author: Shaanaaz Loggenberg
Port Elizabethan
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