MEC Zikalala to unveil multi-million vehicle assembly plant at Dube TradePort
May 24, 2018: MEC for Economic Development, Tourism and Environmental Affairs, Sihle Zikalala, will unveil a multi-million rand vehicle assembly plant at Dube TradePort. The plant is expected to produce over 2500 vehicles a year.
Dube TradePort is one of the two Special Economic Zones (SEZs) in KwaZulu-Natal - a coastal South African province. It yet again attracts a multi-million rand investment from an automotive giant with an international footprint.
The investment will add to the value to the economy of KwaZulu-Natal, this comes after the province implemented measures aimed at making it more investor friendly by launching a One Stop Shop to make conducting business more effortless.
“Our flagship Dube TradePort SEZ is doing exceptionally well in terms of creating an enabling environment that attracts investment worth billions. This is expected to increase in the near future as two pharmaceutical projects worth R2.5 billion are expected to be concluded this financial year,” informed Zikalala.