The Coega Industrial Development Zone (IDZ) is a hive of construction activity as new investors start laying the foundations for their developments, signalling the onset of major industrial activity within the IDZ. On either side of the Coega IDZ section of the N2 coastal highway - linking Port Elizabeth from east to west - are major construction works by Chinese car and truck manufacturer First Automotive Works (FAW) and Africa's leading quick service and casual dining restaurant franchisor, … [Read more...] about R1.7 Billion Coega investments this year and counting
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Coega vehicle plant construction to begin November 2012
Leading Chinese vehicle manufacturer First Automobile Works (FAW) has appointed WBHO Construction as its preferred contractor for the design and construction of its vehicle and truck assembly plant in Zone 2 of the Coega Industrial Development Zone (IDZ). Construction will commence in November and is expected to be completed by December 2013. The R200-million construction investment will see over 1000 jobs created during the construction phase, the Coega Development Corporation (CDC) … [Read more...] about Coega vehicle plant construction to begin November 2012
Done deal as CDC and FAW sign investment lease agreement
The much- anticipated investment by Chinese Automotive Manufacturer, First Automobile Works (FAW) took a giant step closer to implementation (today) with the signing of the investment lease agreement between Coega Development Corporation and China FAW Group Corporation. The investment, valued at over R600 million, will see FAW construct a state-of-the-art truck and passenger car plant at the Coega Development Industrial Development Zone. The investment, funded jointly by FAW and China-Africa … [Read more...] about Done deal as CDC and FAW sign investment lease agreement
FAW to spend initial R200 Million on Construction in Coega
Chinese vehicle manufacturer First Automobile Works (FAW) will invest R600 million, of which R200 million will go towards the construction of a state-of-the-art truck and passenger car plant at the Coega Industrial Development Zone outside Port Elizabeth. Today, 28 February 2012, saw the signing of the lease agreement between FAW and the Coega IDZ. The local Nelson Mandela Bay Business Chamber has marked this day as a milestone for Nelson Mandela Bay and complimented the Department of … [Read more...] about FAW to spend initial R200 Million on Construction in Coega
