Saldanha Bay industrial zone inks $18.3 million deal with three investors

March 16, 2020: The Saldanha Bay Industrial Development Zone (SBIDZ) in South Africa has signed three new investment deals worth $18.3 million, David Maynier, Western Cape minister of finance and economic opportunities announced.

“Construction of a specialised corrosion protection facility at the bay has already begun and building plans have been submitted for another two projects. These involve specialised manufacturing and fabrication, as well as partial assembly and manufacture of components that are currently being imported into South Africa,” he said.

“The new investments, worth R300 million, bring the total number of signed investors to 11. The investor pipeline continues to grow - not only in manufacturing and warehousing facilities but also in new-build port infrastructure. Several private investors have undertaken, at their own cost, bankable feasibility studies that demonstrate demand for repair, maintenance and equipment servicing facilities linked to the oil & gas and marine services sectors, and we look forward to announcing these investments very soon,” said Maynier.

One of the projects was the construction of an offshore supply base in the port which would offer internationally competitive services to vessels passing along the Saldanha bay coastline, as well as to projects looking to undertake surveys, exploration and production activity on the West Coast.

The industrial development zone has also started construction of a commercial office building known as the Access Complex Building, due to be completed next month. An existing project leasing facility has been assisting with government energy projects. It accommodates projects which can be completed in less than 24 months.