DURBAN - A delegation from the State of Nevada has visited KwaZulu-Natal in an effort to boost trade relations.
According to a statement from Trade and Investment KwaZulu-Natal, the US state is looking to partner with KZN to grow the economy and to ensure better opportunities for the youth.
The delegation which was led by the Governor of Nevada was present at a business seminar that was hosted by the TIKZN. The discussion at the seminar centred around areas for a partnership to enhance bilateral trade relations including aerospace, construction, logistics, cyber-security, and advanced water technologies.
According to the Acting Chief Executive of TIKZN Neville Matjie, the collaboration was coordinated with the organisation's mandate to promote the province as an investment destination.
The Acting Chief Executive said that the inward delegation was a platform to market KZN's investment opportunities in areas such as higher education and research, water technology, mining and tourism.
Matjie said, "As Nevada’s first trade mission into Africa, and South Africa in particular, we are delighted that the potential for synergies and opportunities to enhance technology, commercialisation, bilateral trade and investment will be intensified through the partnership".
The KZN Premier of KZN Willies Mchunu said that new business enterprises in the province and the creation of partnerships that are mutually beneficial are most welcome.
He said "As a country, we aim to create 11 million new jobs by 2030 with 2,1 million new jobs in KwaZulu-Natal alone. For this to happen our economy must grow at more than 4% annually".
On the role of the Invest SA One Stop Shop Matjie said, "InvestSA KZN will help unlock the economic growth potential of KZN and South Africa by creating a regulated climate conducive for the ease of doing business whilst advancing government’s commitment to attract foreign direct investment".
The Governor of Nevada affirmed his commitment and support to ensuring a successful collaboration by offering an invitation to the South African delegation to visit Nevada and further the discussions.
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- BUSINESS REPORT ONLINE