The DTIC: R21 Billion Investment Commitments for Saldanha Special Economic Zone
The Saldanha Bay Industrial Development Zone (SBIDZ) has to date attracted more than R21 billion worth of private investments into the zone. These investments are at different stages of development, two of them, with private investment value of R380 million have already started constructing their manufacturing facilities. The investment achievements were shared among the stakeholders during a meeting with the Department of Trade, Industry and Competition (the dtic) led by the Deputy Minister, Mr Fikile Majola.
The SBIDZ is the first Special Economic Zone (SEZ) to be located within a port and is the only sector-specific SEZ in South Africa catering specifically to the energy and maritime industries. The zone operates as a Free Port with streamlined investor procedures supported by its ease of doing business model. It is committed to creating a competitive and profitable zone investors and local Small Micro Medium Enterprises (SMME), while ensuring a better future for the community of the West Coast region.
The Saldanha Bay Industrial Development Zone complete Media Release can be read here.