DURBAN - At the KwaZulu-Natal Investment Seminar, the MEC for Economic Development, Tourism and Environmental Affairs Sihle Zikalala announced 25 investment projects that are worth more than R200 million.
These projects are set to create hundreds of thousands of jobs and will boost the KZN economy.
Here is a look at five of the 25 investment opportunities that were unveiled at the seminar:
1. Cato Ridge Logistics Hub Consortium
This project focuses in the proposed establishment of the Catoe Ridge Intermodel Facility and the Logistics Hub. It is aimed at using rail from the Port of Durban to Cato Ridge, where trucks can collect containers that will be delivered to inland destinations. This project will create around 5 000 construction jobs and more than 6 000 permanent jobs.
2. Tinley Town Integrated Development
This project has an investment value of R20 billion and Tongaat Hulett is the developer. The project will create 9 500 permanent jobs and 29 000 construction jobs. The project comprises of residential, commercial and tourist developments.
3. Richards Bay Industrial Development Zone
This project lies adjacent to the Richards Bay Harbour and its target sectors metals beneficiation, agro-processing, port optimisation, renewable and clean energy and ICT. Currently, there is 172 hectares of serviced land that is available.
4. Eldorado Estate
This property development has an investment value of R700 million and it comprises of 750 residential opportunities It will offer freehold, sectional-title retirement accommodation opportunities. 1 800 construction jobs and 650 permanent jobs will be created by this development.
5. Durban Point Waterfront
The Durban Point Development has an investment value of R35 billion and will be built over a period of 15 years. The project comprises of residential units, mixed-use developments and hotels amongst other things.
Follow the Business Report on Instagram here
BUSINESS REPORT ONLINE