R206m Coega aquaculture zone set to create 900 jobs

21 October 2020 | Web Article Number: ME202020970

Commerce & Trade
Finance & Investment
R206m Coega aquaculture zone set to create 900 jobs
The share of Voice on the Aquaculture Development Zone (ADZ) soon-to-be developed in the Coega Special Economic Zone (SEZ): (from left to right) CDC Acting CEO, Themba Koza, Eastern Cape MEC for Economic Development and Finance - Mlungisi Mvoko and DEDEAT Manager Agro-Processing, Akho Skonjana.

THE new Coega Aquaculture Development Zone (ADZ) will create more than 900 jobs and unlock the Eastern Cape’s Oceans Economy.

This was revealed at a sod-turning ceremony for the project led by MEC for Finance and Economic Development Mlungisi Mvoko held at the Coega Special Economic Zone (SEZ).

The R206-million development is a catalyst project funded by the Department of Economic Development, Environmental Affairs and Tourism through the Provincial Stimulus Fund.

“This project is in line with our provincial development strategy & it speaks to the Eastern Cape’s Oceans Economy,” Mvoko said in his speech.

“As government, the most important thing is to save jobs and go beyond saving to creating jobs. This stimulus fund seeks to fund enterprises that seek to save jobs, this is something that we have done and continue to do.

“With the Oceans Economy Master Plan there is a lot to be tapped and if we focus on that Master Plan, we will create jobs, especially with the coastline that we have in the EC,” Mvoko said.

Some 400ha of land has been earmarked for the development of the ADZ, with phase 1 occupying 110ha of land. The project will also see the construction of a desalination plant.

“To date, the CDC (Coega Development Corporation) has signed four Letters of Intent with companies which have shown interest in building two Perlemoen Farms and two Finfish Farms,” said Dr Keith Du Plessis, CDC Manager: Project Development.

“The two Perlemoen Farms projects are earmarked to create over 700 jobs and the two Finfish Farms coming in with 200 jobs.

“The money from the stimulus fund has assisted us in kick-starting the project as we are currently working on installing the needed infrastructure for the development of the farms which will take up to nine months to get things off the ground,” Du Plessis said.

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