Dube TradePort’s expansion targets R18 billion in new investment

22 March 2019

Dube TradePort’s expansion targets R18 billion in new investment


Dube TradePort Special Economic Zones has begun building the foundation to its TradeZone 2 light industrial development, which is going to be the centerpiece of its drive to attract R 18 Billion of new investment over the next five years.  The 45ha development will create hundreds of jobs that will have an economic impact throughout the province of KwaZulu-Natal. 

  

KZN MEC for Economic Development, Tourism and Environmental Affairs Sihle Zikalala told members of the media that the world-class multi-billion rand second phase of the Dube Trade Port Special Economic Zone (DTP SEZ) development takes place at the time when KwaZulu-Natal is experiencing an unparalleled wave of investments, which are dramatically changing the economic landscape of the province.

 

"Just recently, we announced as the province that we have amassed business prospects worth more than R200 billion which will see cranes forming the outline against the province’s sky and unleash considerable job opportunities. We made the announcement when we launched the KwaZulu-Natal Investment book before the Presidential Investment Summit in 2018," said MEC Zikalala.

 

"We are proud that since opening its doors in 2010, the Dube TradePort, has created thousands of jobs and contributed vastly to the provincial fiscus," he said. The entity’s phase one has been a resounding success as it is now fully occupied by topnotch companies, which have easily settled at this fastest growing and highly sought-after investment destination in the African continent.

 

To date, the first phase has been able to create more than 12 000 job opportunities while attracting R3, 2 billion in private sector investment.

 

Mr. Zikalala said as part of the first phase, President Cyril Ramaphosa and the national ministers will be here in the near future to officially unveil the state of the art cellphone manufacturing plant.

 

He said the Mara Group has signed a lease agreement with the Dube TradePort and it is proceeding with its plans to invest R1.5 billion into Africa’s first fully-fledged smartphone factory. "The second phase of the Dube TradePort Special Economic Zone is, therefore, one more step forward towards achieving this goal. This mega development brings an additional 45 hectares of prime industrial land and is expected to generate R18 billion within the SEZ over the next five years," he said

 

 Mr Hamish Erskine, CEO Dube TradePort Corporation remarked " We already have a strong pipeline of investments which we are currently working to land in the second phase of our Dube TradeZone development, these businesses are in a number of sectors amongst which are: pharmaceuticals, electronics, automotive, clothing, and textiles as well as general manufacturing and logistics. We are confident that we will be in a position to make some major announcements in this regard over the next 18 months.”

 

Dube TradeZone 2 offers immense opportunities in sectors such as electronics, medical and pharmaceuticals, aeronautical services such as aircraft maintenance, aircraft repair, overhaul, fixed base operations and executive aerospace amongst the many other offerings,

 

Phase two is yet another milestone in the evolution of the province’s flagship multi-billion rand investment, which is anchored on the King Shaka International Airport and is set to change the urban economic landscape of KwaZulu-Natal.

"Significantly, we want investors to benefit from the incentives of the special economic zone and to take advantage of the green field space to develop a globally competitive KwaZulu-Natal," he said.

 

MEC Zikalala also noted that Dube TradePort Special Economic Zone forms the heart of the emerging Durban Aerotropolis, which is poised to enhance urban and national competitiveness through improved multi-modal transport access and planned, coordinated aviation-linked commercial development.

 

Image Caption : from left to right: 

Dr Bridgette Gasa, Dube TradePort Corporation Board Chairperson 
Mr Rod Stainton, Rokwil CEO
Mr Sihle Zikalala, KwaZulu-Natal MEC for the Department of Economic Development, Tourism and Environmental Affairs (EDTEA)
Mr Hamish Erskine, Dube TradePort Corporation CEO 
Mr Neville Matjie, Trade and Investment KZN CEO 
Mr Sihle Mkhize, Chief Director: Economic Planning, EDTEA