JOHANNESBURG - The Saldanha Bay Industrial Development Zone has concluded investment agreements, which bring the total of signed investors to eight and the investment value to just over R3 billion.
This investment includes five international investors from the United Kingdom, Europe, the Middle East and elsewhere in Africa, with the rest being local South African companies.
Trade and Industry spokesperson Sidwell Medupe said: "All these investors are investing in a variety of fabrication workshops for steel and other metals, equipment and marine repair facilities, oil lubricant and fuel plants, as well as specialised engineering services."
Minister of Trade and Industry, Rob Davies expressed his satisfaction with the investment agreements.
"The investments signal a significant start of establishing new industrial value-chains in and around the Port of Saldanha. The Saldanha Bay Industrial Development Zone is part of the Department of Trade and Industry’s (the dti) Special Economic Zones Programme and is developing into a world-class offshore and maritime hub," Davies said.