Named among South Africa’s top 10 investment opportunities The Dube TradePort in Durban, Kwa-Zulu Natal (KZN) is now officially an Industrial Development Zone (IDZ).
On Tuesday, 7 October, President Jacob Zuma handed over the IDZ operator licence to the Dube TradePort Corporation signalling a new beginning for the precinct which has already attracted investments worth nearly R1 billion since it was opened in 2012. The Dube TradePort IDZ is the latest in the nationwide rollout of special economic zones aimed at growing the country’s economy to meet the target of five percent growth by 2019.As the first IDZ for Durban, the Dube TradePort IDZ joins a list of other similar projects which have attracted a combined Investment of over R5 billion in Port Elizabeth, East London and Richards Bay.
According to Trade and Industry Director General Lionel October more special economic zones will be rolled out across the country as government intensifies its approach to industrialise South Africa’s economy as demanded by the National Development Plan (NDP).
