Posted: November 15, 2019
The Department of Trade and Industry Congradulates Dube Trade Port for Winning Two International Prestigious Awards
|The Minister of the Trade and Industry Mr Ebrahim Patel, congratulates Dube TradePort (DTP) Special Economic Zone for winning two international awards in one week.
DTP and Invest Durban won the coveted United Nations Award for excellence in promoting sustainable investment in special economic zones for South Africa.
The award was received on 11 November 19 during the eleventh session of the United Nations Conference on Trade and Development’s Investment, Enterprise and Development Commission held at the United Nation’s offices in Geneva, Switzerland.
The award recognises the role of Dube TradePort and Invest Durban for their role in the facilitation of the investment of R1.5 billion for the manufacturing of smartphones in the Dube TradePort Special Economic Zone.
On Thursday, 14 November, The Board of Geneva-based FEMOZA (World Free & Special Economic Zones Federation) announced DTP Special Economic Zone as the winner of the 2019 FEMOZA “Best Practice in Free & Special Economic Zones” award. The announcement was made during its World Free & Special Economic Zones Summit, taking place in Monaco from 13 –15 November 2019.
In congratulating DTP, Minister Patel said “Dube TradePort is one of the newest and fast growing Special Economic Zones in South Africa. The zone has successfully attracted a number of significant investors that contribute to growth and creation of much needed jobs”.
He noted the close collaboration between national and provincial government and congratulated the Board, management and staff of DTP for this achievement.
“Our focus is on creating new jobs and providing a platform to expand industrial production. This award is a recognition of progress we are making. These international awards will boost investor confidence and help attract more investors into the zone,” Minister Patel said.
Dube Trade Port has to date attracted private investment with the value of more than R3.2 billion, creating over 3000 direct jobs.
“The Special Economic Zone programme is one of the prioritised programme used by government to accelerate industrialisation. To date, the SEZ programme countrywide has attracted 217 investors, with investment value of over R50 billion” Minister Patel noted.