President Cyril Ramaphosa Officially Launches Cape’s Innovative Green Hub

green hub
The launch of the 124.5-hectare area is designated for the establishment of a green technologies hub in the Western Cape. Picture: The Presidency/Twitter

CAPE TOWN – Following years of hard work and preparation by all spheres of government, President Cyril Ramaphosa was on had to launch the Atlantis Special Economic Zone (SEZ) at a ceremony in Atlantis, Western Cape.

The launch of the 124.5-hectare area is designated for the establishment of a green technologies hub in the Western Cape, follows the confirmed designation of the Atlantis SEZ status which was approved by cabinet on 8 June 2018.

“I must say it’s a real pleasure for me to be here today at what one would call a new era for the community of Atlantis,” President Ramaphosa said.

“The SEZ which we’re launching today is an integral part of our effort to reignite economic growth, not only here in Atlantis, and not only here in the Western Cape, but throughout our country. We know that without significant investment, as well as economic growth, we will not be able to create work for the people of this province and for the people of this town.”

“A combined R1.8bn is expected to be invested in the SEZ by 2022, with the creation of 1 200 direct jobs. A total of 24 000 full time equivalent jobs are also expected to be created in the SEZ’s 20-year lifespan. This is in line with our Industrial Policy and will contribute towards the objectives of National Development Plan,” Davies had said.

The Executive Mayor of Cape Town, Dan Plato says he is very pleased to see the Atlantis community officially receiving its SEZ status.

“I want to thank all the levels of government, from local through provincial to national for pulling this together, as it really shows what can be achieved when everyone works together. This SEZ will secure major investment into Atlantis that has already started, and provide solid job opportunities and skills development for surrounding communities for generations to come,” highlights Executive Mayor Plato.

Source: IOL