Coega became the first South African Industrial Development Zone (IDZ) to sign 10 clients, with an investment value of just over R1.8 billion, in the 2013/14 financial year.

The company attracted investors across diverse sectors, including the manufacturing, logistics, chemicals, renewable energy and automotive industries.

Christopher Mashigo, the Business Development Executive Manager at Coega Development Corporation (CDC), said the IDZ’s ascent over the past three years has been “beyond remarkable”, given the current investment climate.

“About 60% of these investments will be at some point of commencing or commissioning within this calendar year. This means we are establishing a trend in the IDZ that new investors signed in one year and on the ground in the next.”

Source: SAnews.gov.za