Coega
Encyclopedia
The Coega Industrial Development Zone (IDZ) covering 110 km² of land , is situated in the Nelson Mandela Municipality
, Eastern Cape
province of South Africa
in the Nelson Mandela Metropolitan Municipality near Port Elizabeth. The initiative is a multi-billion dollar industrial development complex customized for heavy, medium and light industries, adjacent to a deep water port, Port of Ngqura
. The Coega Development Corporation (CDC) is the developer and operator of the Coega IDZ and is responsible for the land side infrastructure, while the deep-water port facility, Port of Ngqura, is developed by the Transnet National Ports Authority
.
The Coega IDZ is a phased development around industry clusters with Custom Secure 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 IDZ has been developed, focusing on infrastructure development and facilities for the Core Development Area, which comprises 65 km². A number of multinational companies already operate from this area.
The Coega IDZ has to date signed investments worth approximately R30 billion (US$4.1 billion) and currently has a portfolio of investments undergoing feasibility which are worth some R140 billion (US$19.2 billion), to come on stream at various stages over the next five years. These include an oil refinery, a Combined Cycle Gas Turbine Power Station, a Business Process Outsourcing Park, automotive plants, and various other investments in the logistics, chemicals and food processing sector.
Nelson Mandela Municipality
Nelson Mandela Bay Municipality is one of six Metropolitan municipalities in South Africa. It is located on the shores of Algoa Bay in the Eastern Cape province, and comprises the city of Port Elizabeth, the nearby towns of Uitenhage and Despatch, and the surrounding rural area.The name "Nelson...
, Eastern Cape
Eastern Cape
The Eastern Cape is a province of South Africa. Its capital is Bhisho, but its two largest cities are Port Elizabeth and East London. It was formed in 1994 out of the "independent" Xhosa homelands of Transkei and Ciskei, together with the eastern portion of the Cape Province...
province of South Africa
South Africa
The Republic of South Africa is a country in southern Africa. Located at the southern tip of Africa, it is divided into nine provinces, with of coastline on the Atlantic and Indian oceans...
in the Nelson Mandela Metropolitan Municipality near Port Elizabeth. The initiative is a multi-billion dollar industrial development complex customized for heavy, medium and light industries, adjacent to a deep water port, Port of Ngqura
Ngqura
The Port of Ngqura is a deepwater port on the east coast of South Africa, 20km north east of Port Elizabeth. 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 became the first commercial...
. The Coega Development Corporation (CDC) is the developer and operator of the Coega IDZ and is responsible for the land side infrastructure, while the deep-water port facility, Port of Ngqura, is developed by the Transnet National Ports Authority
Transnet National Ports Authority
Transnet National Ports Authority is a government corporation of South Africa and division of Transnet, responsible for managing and governing seven of South Africa's major seaports. Another division of Transnet, South African Port Operations, is responsible for port operations. NPA main offices...
.
The Coega IDZ is a phased development around industry clusters with Custom Secure 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 IDZ has been developed, focusing on infrastructure development and facilities for the Core Development Area, which comprises 65 km². A number of multinational companies already operate from this area.
The Coega IDZ has to date signed investments worth approximately R30 billion (US$4.1 billion) and currently has a portfolio of investments undergoing feasibility which are worth some R140 billion (US$19.2 billion), to come on stream at various stages over the next five years. These include an oil refinery, a Combined Cycle Gas Turbine Power Station, a Business Process Outsourcing Park, automotive plants, and various other investments in the logistics, chemicals and food processing sector.