At­lantis’ hub for eco­nomic growth prov­ince and the coun­try, and with­out sub­stan­tially higher rates of in­vest­ment, we will not achieve growth. “We have there­fore em­barked on a range of mea­sures to mo­bilise in­vest­ment into our econ­omy. “And we are work­ing

Cape Argus - - METRO - Staff Re­porter

PRES­I­DENT Cyril Ramaphosa of­fi­cially launched the At­lantis Spe­cial Eco­nomic Zone (SEZ).

The 124.5 hectare area has been des­ig­nated as a hub aimed for the es­tab­lish­ment of green tech­nolo­gies in the prov­ince.

SEZs are used by the gov­ern­ment to drive in­dus­trial and eco­nomic devel­op­ment with clus­ter in­dus­tries from a par­tic­u­lar sec­tor lo­cated in ge­o­graph­i­cally des­ig­nated ar­eas to get the ben­e­fits of scale and co-lo­ca­tion. They are sup­ported by a range of in­cen­tives aimed at at­tract­ing lo­cal and for­eign in­vest­ment.

The SEZ sta­tus for At­lantis was ap­proved by the Cab­i­net on June 8.

“We know that with­out sig­nif­i­cant eco­nomic growth, we will not be able to cre­ate work for the peo­ple of the

SIYAB­ULELA DUDA

PRES­I­DENT Cyril Ramaphosa on a tour of the GRI Tow­ers fac­tory, part of the Spe­cialised Eco­nomic Zone in At­lantis. |

Newspapers in English

Newspapers from South Africa

© PressReader. All rights reserved.