Posted: September 15, 2019
the dti to Take Special Economic Zones Operators to Investment Roadshow in Turkey
|The Department of Trade and Industry (the dti) will lead a Special Economic Zones (SEZs) investment roadshow to Mersin and Ankara, Turkey from 17-20 September 2019. The objective of the roadshow is for SEZ Operators to showcase investment opportunities to potential investors in Turkey. The roadshow will take place in the form of seminars, one on one meetings and visit to Turkish SEZs. The roadshow will also be used as an opportunity to learn from the experiences of Turkish SEZs and to strengthen a collaboration between the two countries on the promotion of SEZ in Turkey.
Turkey was chosen given that it is one of the countries that have developed successful Special Economic Zones. To date, Turkey has developed 18 special economic zones, which attracted over 19 000 operational companies, investing over $20 billion. These SEZs have created over 70 000 jobs. Turkey is also one of the countries in the world that have managed to drive a successful manufacturing of clothing and textile. There is great value that South Africa can get from Turkey.
South Africa is one of the countries that have recently introduced the SEZ programme to drive industrialisation and investment promotion. Since the introduction of the SEZ programme in 2016, there has been a significant growth in operational investment as well as secured investments that are currently setting up their factories in SEZs.
Turkey’s roadshow follows a successful Special Economic Zones investment roadshow that took place on the 5th and 6th September in Chengdu, China. The China Roadshow was undertaken in partnership with Chinese government through National Development and Reform Commission (NDRC) as well as Bank of China (BOC).
To date, ten (10) SEZs have been designated, and they have attracted 122 operational investments, with a cumulative private investment value of over R16,23 billion. This figure is likely to increase further in the near future given the 61 secured investments with the value of over R33,6 billion that are currently setting up their factories in various SEZs.