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The Coega Industrial Development Zone is South Africa’s foremost investment hotspot for industries with a global perspective.
Managed by the Coega Development Corporation (CDC), the Coega IDZ – together with the greater Nelson Mandela Bay area – is also a thriving automotive cluster. It is home to: three of the eight vehicle assemblers in South Africa, seven of the top 10 global component and three of the four largest global tyre manufacturers. There are currently some 400 first and second tier component suppliers to the automotive industry in South Africa, of which more than 150 are located in the industrial area around Coega IDZ.
As a result, the Coega IDZ forms the hub of a thriving automotive manufacturing industry of local and global companies that have chosen this as the optimal location in which to invest, including General Motors’ Pan-African Parts Distribution Centre and Chinese truck company First Auto Works which starts factory construction in the latter half of 2012.
Automotive manufacturing businesses at Coega benefit from lower production, procurement and supply chain management costs by linking to the fast, reliable and modern port facilities as well as existing road, rail and air links to Southern Africa
and beyond. Adjoining the Coega IDZ, the largest IDZ in the Southern Hemisphere, is the Port of Ngqura – a modern deepwater harbour developed as a gateway to global markets. The Coega IDZ and the Port of Ngqura are major catalysts for investment and local development.
“The CDC is pleased to play a principal role in South African Automotive Week as the Coega IDZ is leading the way with respect to developing industry particularly the automotive, manufacturing and components arenas which the Week seeks to promote. The CDC provides custom developed space to global and local businesses who wish to make the most of investing. At the Coega IDZ 11 000 ha of sector-specific zoned land with purpose-built infrastructure translates into the astute business opportunity for investors in South Africa.Coega IDZ provides the ideal space for your business to flourish, with a platform for global exports that creates foreign and South African investment opportunities in manufacturing industries,’’ says Pepi Silinga, Coega Development Corporation CEO.
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