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Cape Town - President Jacob Zuma will launch the Saldanha Bay Industrial Development Zone (IDZ) and handover the operator permit on October 31 2013 in Saldanha Bay.
Minister of Trade and Industry Rob Davies said the feasibility study about the Saldanha Bay IDZ has revealed that the project has an immense capacity of taking the economy of the country and the region to a higher industrial growth path.
“According to the study, the project has the potential to make a contribution of 86% to the Gross Geographic Product and create approximately 11 975 total (direct, indirect and induced) jobs," Davies said.
"Additionally the Saldanha Bay IDZ is likely to attract foreign direct investment worth approximately R9.3bn over 25 years.”
Davies added that the study also revealed that Saldanha Bay is strategically located to serve the large Oil & Gas sector on the African continent due to an increasing number of oil rigs requiring maintenance, and their traffic flow passing by the West Coast to the East Coast of Africa.
The sectoral focus on oil and gas services will include maintenance and repair, manufacturing, supply and other services.
Davies highlighted that oil and gas sector is one of the priority sectors in terms of Industrial Policy Action Plan (Ipap).
It is believed that the Saldanha Bay IDZ will be a useful policy tool to advance the objectives of Ipap, New Growth Path (NGP) and National Development Plan (NDP).
The Saldanha Bay IDZ is one of the 18 strategic integrated projects (SIPs) of the Presidential Infrastructure Coordinating Commission (PICC).
- Fin24
Minister of Trade and Industry Rob Davies said the feasibility study about the Saldanha Bay IDZ has revealed that the project has an immense capacity of taking the economy of the country and the region to a higher industrial growth path.
“According to the study, the project has the potential to make a contribution of 86% to the Gross Geographic Product and create approximately 11 975 total (direct, indirect and induced) jobs," Davies said.
"Additionally the Saldanha Bay IDZ is likely to attract foreign direct investment worth approximately R9.3bn over 25 years.”
Davies added that the study also revealed that Saldanha Bay is strategically located to serve the large Oil & Gas sector on the African continent due to an increasing number of oil rigs requiring maintenance, and their traffic flow passing by the West Coast to the East Coast of Africa.
The sectoral focus on oil and gas services will include maintenance and repair, manufacturing, supply and other services.
Davies highlighted that oil and gas sector is one of the priority sectors in terms of Industrial Policy Action Plan (Ipap).
It is believed that the Saldanha Bay IDZ will be a useful policy tool to advance the objectives of Ipap, New Growth Path (NGP) and National Development Plan (NDP).
The Saldanha Bay IDZ is one of the 18 strategic integrated projects (SIPs) of the Presidential Infrastructure Coordinating Commission (PICC).
- Fin24
