The Coega Development Corporation is seeing a construction ascend with seven companies busy with constructions well underway within the Coega Development Corporation’s Industrial Development Zone (CDC).
Construction taking place at the IDZ provides job opportunities for residents living in the Nelson Mandela Bay, about 1,800 people are benefitting from the construction-related jobs.
“Construction expansion of existing businesses is sign of current investors’ business growth and an improving economic climate,” said CDC head of marketing and communication, Dr. Ayanda Vilakazi.
Companies currently under construction include leading gas suppliers Air Product (R300m investment) and Afrox (R300m); electricity generator Dedisa Peaking Power Plant (R2.2-billion); while cold chain logistics facilitators Vector Logistics investment is valued at (R140-million); Digistics expansion (R30-million); ID Logistics (R30-million) and UTi Distribution (R30-million).
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