Coega

Last updated

View from St George beach Coega Industrial Development Zone.jpg
View from St George beach

The Coega Special Economic Zone (SEZ), established in 1999 and 11,500 ha in extent, [1] is situated near Gqeberha (Port Elizabeth) in the Eastern Cape province of South Africa. The initiative is a multibillion-dollar industrial development complex customised for heavy, medium and light industries, and adjacent to a deep-water port, the Port of Ngqura. The Coega Development Corporation (CDC) is the developer and operator of the Coega SEZ and is responsible for the land side infrastructure, while the Transnet National Ports Authority (TNPA) develops the deep-water port facility, the Port of Ngqura.

Contents

Structure

The Coega SEZ is a phased development around industry clusters with Custom Control Areas dedicated for export-oriented manufacturing for companies located in the zone. Coega offers a platform for global exports by attracting foreign and local investment in manufacturing industries. A strategic development framework plan for the Coega SEZ has been developed, focusing on infrastructure development and facilities for the core development area, which comprises 65 km². [2] The Coega SEZ is demarcated into 14 zones and is specifically designed along the cluster model linking related industries from the commercial cluster, logistics cluster to automotive cluster, and energy cluster. [3]

The Coega SEZ was developed to attract investment from the automotive, agro-processing, chemicals, energy, general manufacturing, metals, and business process outsourcing. [3]

Port of Ngqura

The Port of Ngqura is a deep-water port adjacent to Coega SEZ, 20 km northeast of Port Elizabeth on the east coast (Indian Ocean) of South Africa. The deep-water port, with a depth of between 16m and 18m, cost R10 billion and became operational in 2009. The Port assists the Coega SEZ as a means of transporting equipment and manufactured products in and out of the country. [4]

Laydown area

Between Coega SEZ and Ngqura Port is a 12-hectare laydown area designed to be a temporary storage site for abnormal cargo. The project which cost R9 million, was started in 2014 and started operating in April 2015. [5]

Economic impact

First turbine of the Coega Wind Farm in the Coega Industrial Development Zone Coega wind turbine-001.JPG
First turbine of the Coega Wind Farm in the Coega Industrial Development Zone

At the beginning of 2017, Coega had attracted 54 new investors with over R30 billion investment since it was established in 1999. [6] During the 2015/2016 financial year, the SEZ made R12 billion through investments. [7]

In January 2017, the SEZ reported that there were 36 operational investors with a combined investment value of R6.6 billion. In January 2017, in its June 2016/2017, Coega announced that it had signed 16 new investors valued at R11.69 billion and created 16500 jobs.

The Coega SEZ reached 7 170 Operational jobs and 9 330 new construction jobs both in the SEZ and new infrastructure projects were created in 2016/2017.

5 886 people were trained and the SMME spend reached 36% during the financial year of 2016/2017. [7] 555 people are currently contracted on the projects in the SEZ, and 70% of them are Nelson Mandela Bay-based residents. SEZ investment projects and infrastructure development programmes created more than 83 405 jobs in the past eight years. [6]

Awards

Related Research Articles

Economy of Kazakhstan National economy of Kazakhstan

The economy of Kazakhstan is the largest in Central Asia in both absolute and per capita terms. Kazakhstan has attracted more than $370 billion of foreign investments since becoming an independent republic after the collapse of the former Soviet Union.

Eastern Cape Province in South Africa

The Eastern Cape is one of the provinces of South Africa. Its capital is Bhisho, but its two largest cities are East London and Gqeberha.

Tamil Nadu Industrial Development Corporation Government agency in Tamil Nadu, India

Tamil Nadu Industrial Development Corporation (TIDCO) is a governmental agency in the state of Tamil Nadu, India. It is responsible for the development of industries in the state by formulating policies that help industry growth, and by establishing industrial estates. It often partners with TANSIDCO. TIDCO has established the Tidel Park in Chennai and Tidel Park in Coimbatore for information technology companies, and Ticel Park in southern Chennai for chemical companies.

Port Elizabeth City in Eastern Cape, South Africa

Port Elizabeth, officially renamed Gqeberha and colloquially often referred to as P.E., is a major seaport and the most populous city in the Eastern Cape province of South Africa. It is the seat of the Nelson Mandela Bay Metropolitan Municipality, South Africa's second-largest metropolitan district by area size. It is the sixth-most-populous city in South Africa and is the cultural, economic and financial centre of the Eastern Cape.

Transnet South African rail, port and pipeline company

Transnet SOC Ltd is a large South African rail, port and pipeline company, headquartered in the Carlton Centre in Johannesburg. It was formed as a limited company on 1 April 1990. A majority of the company's stock is owned by the Department of Public Enterprises, or DPE, of the South African government. The company was formed by restructuring into business units the operations of South African Railways and Harbours and other existing operations and products.

Gwadar Port Deep-water seaport in Pakistan

The Gwadar Port ; IPA: gwɑːd̪əɾ bənd̪əɾgɑː) is situated on the Arabian Sea at Gwadar in Balochistan province of Pakistan and is under the administrative control of the Maritime Secretary of Pakistan and operational control of the China Overseas Port Holding Company. The port features prominently in the China–Pakistan Economic Corridor (CPEC) plan, and is considered to be a link between the Belt and Road Initiative and the Maritime Silk Road projects. It is about 120 kilometres (75 mi) southwest of Turbat, and 170 kilometres (110 mi) to the east of Chabahar Port.

Atlantis, South Africa Suburb of Cape Town, in the Western Cape, South Africa

Atlantis is a town in the Western Cape province of South Africa and is 40 km (25 mi) north of the Cape Town. As of 2011, it has 67,491 residents. Unemployment, lack of housing and crime are major challenges in the area.

Transnet Freight Rail Railway operator in South Africa

Transnet Freight Rail is a South African rail transport company, formerly known as Spoornet. It was part of the South African Railways and Harbours Administration, a state-controlled organisation that employed hundreds of thousands of people for decades from the first half of the 20th century and was widely referred to by the initials SAR&H. Customer complaints about serious problems with Transnet Freight Rail's service were reported in 2010. Its head office is in Inyanda House in Parktown, Johannesburg.

Concor South African construction company

Concor Holdings (Proprietary) Limited. is a South African construction company. It is active throughout Southern Africa, involved in mining, civil engineering, building and road projects. Concor returned as an independent brand in late 2016.

South African Port Operations

SAPO was the old name for what is now Transnet Port Terminals, which operates 13 terminals in 6 South African ports. It is the port management division of Transnet, the South African transport giant.

Economy of Karnataka Overview of the economy of Karnataka

Karnataka is one of the highest economic growth states in India with an expected GSDP growth of 8.2% in the 2010–11 fiscal year. The total expected GSDP of Karnataka in 2010–2011 is about 2719.56 billion. Karnataka recorded the highest growth rates in terms of GDP and per capita GDP in the last decade compared to other states. In 2008–09, the tertiary sector contributed the most to GSDP, followed by the secondary sector, and the primary sector.

Port of Ngqura Port in South Africa

The Port of Ngqura is a deepwater port on the east coast of South Africa, 20 km northeast of Gqeberha. It was authorised by an act of parliament in 2002, construction started in September 2002 and the port became operational in October 2009 when the MSC Catania docked at the port.

Alabuga Special Economic Zone

Alabuga is a special economic zone of an industrial and production type located in a 20 km² area in the Yelabuzhsky District of the Republic of Tatarstan in the Kama Innovative Territorial Production Cluster 10 km from Yelabuga, 25 km from Naberezhnye Chelny, 40 km from Nizhnekamsk and 210 km from the regional center — Kazan. The shareholders of the management company of the SEZ "Alabuga" are the Russian Federation through the JSC "Special Economic Zones" with 100% state participation (66%) and the Ministry of Land and Property of the Republic of Tatarstan (34%).

Software industry in Chennai Second largest software exporter in India

Chennai is the third largest software exporter in India, next only to Bangalore & Hyderabad. India's largest IT park is housed at Chennai. Software exports from Tamil Nadu during 2017–2018 rose 8.6% per cent to touch 1,11,179 crore, involving a workforce of 780,000, and the city is the hub for deep tech startup companies. Many software and software services companies have development centres in Chennai, which contributed 14 percent of India's total software exports of 14,42,140 lakh during 2006–07, making it the third largest Indian city software exporter following [[Bangalore], [Hyderabad]] and the city is the home for 7 top rated IT companies out of 15 in India. The Tidel Park in Chennai was billed as Asia's largest IT park when it was built. Major software companies have their offices set up here, with some of them making Chennai their largest base. Chennai is the largest hub for e-publishing, as there are 67 e-publishing units registered with the STPI and many Rs.8300-Cr data centers, digital hubs are in the process of development. A major reason for the growth of the Software industry are the top engineering colleges in Tamil Nadu, of which Chennai is a major contributor, have been a major recruiting hub for the IT firms. According to estimates, these engineering colleges and universities consistently generate about 50 per cent of the human resource requirements for the IT and ITES industry was being sourced from the state, particularly from Chennai.

Sagar Mala project

The Sagarmala Programme is an initiative by the government of India to enhance the performance of the country's logistics sector. The programme envisages unlocking the potential of waterways and the coastline to minimize infrastructural investments required to meet these targets.

East Coast Economic Corridor

The East Coast Economic Corridor (ECEC) is India’s first coastal economic corridor covering 2500 km of India's coastline, to be developed with the help of the Asian Development Bank (ADB). The ADB is to invest $500 million in infrastructural development of the project. Since late 2013, ADB has been supporting studies on transport corridors in India. Phase 1 of the ECEC is Visakhapatnam-Chennai Industrial Corridor (VCIC) which had been approved by the ADB board in October 2016. The ECEC running along the entire east coast of India from Kolkata to Kanyakumari, is a multimodal, regional maritime corridor that can play a vital role in unifying the large domestic market, as well as integrating the Indian economy with the dynamic global value chains of Southeast and East Asia. It would play a crucial role in the Government of India’s (GoI) Make in India campaign and also supports the port-led industrialization strategy under the Sagar Mala initiative and the Act East Policy by linking domestic companies with the vibrant global production networks of East and Southeast Asia.

Science and technology in Kazakhstan outlines government policies to develop science, technology and innovation in Kazakhstan.

Brian Molefe is a South African businessman. He was previously a political activist and politician.

Innopolis Special Economic Zone

SEZ “Innopolis” is a high tech innovation hub located in the city of Innopolis in the Republic of Tatarstan. The Innopolis zone also bears the designation of a special economic zone (SEZ). On November 1, 2012 the Government of the Russian Federation issued a decree creating special territories to attract investment and develop the IT-industry in the region. A special economic zone provides its residents and partners with tax and customs benefits, insurance premiums, rental incentives and a number of other preferences.

References

  1. "Share this page". Coega Development Corporation. Archived from the original on 4 March 2016.
  2. "Coega Development Corporation :About Coega". 3 February 2007. Archived from the original on 3 February 2007.
  3. 1 2 "Coega IDZ". South African Oil and Gas Alliance.
  4. "SA's new Ngqura port launches operationally". Creamer Media's Engineering News.
  5. "Coega signs contract to deliver wind". Show Me.
  6. 1 2 "Coega to implement two major projects this year". Independent News Online.
  7. 1 2 3 "Coega announced as a top winner at the Vision 2030 awards". R News. Archived from the original on 26 June 2017. Retrieved 27 June 2017.
  8. "Coega IDZ among the best: Chinese Vice President Dr Li Yuanchao". R News.
  9. "Coega receives three awards at the prestigious Oliver Empowerment award ceremony". R News.

Commons-logo.svg Media related to Coega at Wikimedia Commons

Coordinates: 33°48′12″S25°41′30″E / 33.80333°S 25.69167°E / -33.80333; 25.69167