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Coega secured R3-billion investment
Posted on: Friday, 13 October 2006. Article source: Sapa
Investments of over R3 billion have already been concluded in the Eastern Cape's Coega industrial development zone (IDZ) and are expected to rise to some R26 billion over the next five to eight years.
Replying to a written question in the National Assembly, Trade and Industry Minister Mandisi Mpahlwa said three investors had been signed in by the IDZ so far this year.
The investments were in the textiles, chemicals and automotive sectors, and the total combined investment value of these projects was R2.3 billion.
Three more contracts had been concluded to the value of more than R1 billion combined in plant, machinery and equipment to come into effect in 2007.
The Coega IDZ was currently negotiating with 45 other potential enterprises, ten of which were at an advanced stage.
Investments over the next five to eight years were estimated at R26 billion, including the anticipated aluminium smelter project of R18 billion, Mpahlwa said.
Replying to a written question in the National Assembly, Trade and Industry Minister Mandisi Mpahlwa said three investors had been signed in by the IDZ so far this year.
The investments were in the textiles, chemicals and automotive sectors, and the total combined investment value of these projects was R2.3 billion.
Three more contracts had been concluded to the value of more than R1 billion combined in plant, machinery and equipment to come into effect in 2007.
The Coega IDZ was currently negotiating with 45 other potential enterprises, ten of which were at an advanced stage.
Investments over the next five to eight years were estimated at R26 billion, including the anticipated aluminium smelter project of R18 billion, Mpahlwa said.
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