Eastern Cape
South Africa
Sector
Agriculture & Agri-processing
Aquaculture & Mariculture
Construction & Materials
Energy
The East London Industrial Development Zone (IDZ) recently announced that with its value proposition for the automotive industry successfully completed it was diversifying away from its traditional model of targeting automotive investments into a number of new key sectors.
The success of the Automotive Supplier Park at the IDZ has already helped to grow the local economy substantially through attracting investors that export directly or indirectly, through the Original Equipment Manufacturers.
The IDZ is now aiming to repeat that success in a number of new sectors including aquaculture, renewable energy, agro processing and construction.
That goal is already well underway with news last month that the East London IDZ has continued to win a number of new investments. In fact the seven investments that were won, totaling R239m, takes the total of business won to more than R1bn.
"It was a very difficult year because of the economic slowdown, said Simphiwe Kondlo, chief executive of Elidz.
“Investors were cautious and slower in making decisions, which made our job difficult, particularly with foreign investors who are not familiar with the dynamics of the country."
The new investments, which have been won in a number of different sectors, should create an additional 544 permanent jobs.
Elidz announced that the new companies investing in the IDZ are:
- Matla Solar Energy
- Espadon Marine
- Murray & Roberts
- Sunningdale Dairies
- Cast Arena Trade and Investment Holdings
- Aquarius Tyre
- Mercedes-Benz South Africa.
For more information on opportunities available at the East London Industrial Development Zone:
Contact: Ms Ayanda Ramncwana
Tel: +27 43 702 8200
Email: ayanda@elidz.co.za
Website: www.elidz.co.za
