CURRENT STATUS OF THE CIVILS PROJECT

The civil construction phase of the ASEZ is progressing steadily, marking crucial milestones that pave the way for the development of this green technology hub. The recent initiation of the guardhouse and pumproom on the zone is a significant achievement, laying the groundwork for Practical Completion, which establishes a good basis for starting our factories. This phase will include the construction of seven commercial manufacturing factories, which is expected to begin by October 2024 and is crucial for the ASEZCo to deliver on its mandate.

These developments are more than just construction achievements; they represent the physical progress of a project that aims to change the region’s industrial landscape. The commitment to sustainable practices is evident throughout the construction process, with a strong emphasis on using eco-friendly materials and techniques.

JOB CREATION, SKILLS DEVELOPMENT AND LOCAL SMME INVOLVEMENT

The ASEZ project has made a significant impact on local job creation and the empowerment of small, medium, and micro-enterprises (SMMEs). Since the commencement of the civils project, 293 jobs have been created, offering vital employment opportunities for the local community. By prioritizing local hiring, the ASEZ has not only helped reduce unemployment but has also contributed to building a skilled workforce capable of sustaining the region’s economic growth. The involvement of local SMMEs has been equally transformative. Through various support programs run through our Enterprise Development unit, these enterprises have been integrated into the project’s supply chain, providing services ranging from construction to logistics. This focus on local SMMEs not only boosts the local economy but also lays the foundation for a resilient and diversified business environment in the region, underscoring the ASEZ’s commitment to fostering local enterprise.

Another key component of the ASEZ strategy is the skills development workstream, which aims to equip Atlantis residents, particularly the youth, with the skills needed to enhance their employment and self-employment opportunities. Emphasising technical skills in greentech aligns with ASEZ’s goal of fostering local talent and creating jobs across various roles such as artisans, operators, assemblers, administrative staff, and digitally skilled workers. The program prioritizes local employment, focusing on enhancing the capabilities of semi-skilled and unskilled labour. Key objectives include preparing the community for greentech employment, implementing short-term training through public-private partnerships, increasing networks for capacity building, and achieving Skills Development Accreditation.

PARTNERSHIPS AND COLLABORATIONS

A cornerstone of the ASEZ’s success is its strategic partnerships and collaborations, which have been instrumental in driving the project forward. One notable example is the recent Memorandum of Understanding (MOU) signed with ABSA, one of South Africa’s leading financial institutions. This partnership is aimed at providing financial support to businesses operating within the SEZ, particularly SMMEs, enabling them to access the capital needed to scale their operations and contribute to the green economy. Another fruitful collaboration is one between the National Business Initiative (NBI) and the ASEZ. This partnership empowers local SMMEs by integrating them into sustainable development and green technology projects.

Both partnerships are just two of many that the ASEZ has cultivated to ensure the long-term sustainability and success. Collaborations with the local community, vocational and learning institutions, industry leaders, and government agencies have also been pivotal in aligning the ASEZ’s objectives with broader national and regional development goals. These partnerships have facilitated knowledge transfer, innovation, and the adoption of best practices in green technology and sustainable industrial development.

“Partnerships are an essential part of the ASEZ,” says Selwyn Willoughby, ASEZ Executive for Integrated Eco-Systems. “Our collaboration with ABSA and other stakeholders is a testament to our commitment to creating a supportive ecosystem for businesses that are driving the green economy. These relationships not only provide financial and technical support but also help us to align our efforts with national and global sustainability goals.”

EXPECTED IMPACT ON THE WESTERN CAPE ECONOMY AND  LONG-TERM GOALS

The ASEZ is poised to make a substantial impact on the Western Cape economy. By attracting investment in green technology and fostering the development of a skilled workforce, the ASEZ is expected to contribute significantly to the region’s GDP. The creation of direct and indirect jobs, coupled with the growth of local businesses, will have a multiplier effect, stimulating economic activity across various sectors.

Moreover, the ASEZ’s focus on green technology aligns with the Western Cape’s broader economic strategy, which emphasises sustainability and innovation. The ASEZ is expected to become a hub for renewable energy projects, contributing to the region’s energy security and reducing its carbon footprint. This will not only attract further investment but also position the Western Cape as a leader in the green economy, both nationally and internationally.

Looking ahead, the long-term goals for the ASEZ include expanding its infrastructure to accommodate more businesses and further integrating green technology into its operations. Discussions are underway to develop Zone 2 and Zone 3, which will enhance the ASEZ’s capacity to attract new industries and drive innovation. Additionally, the ASEZ aims to continue its focus on social inclusion by investing in community development programs and ensuring that the benefits of the project are widely shared.

In conclusion, the Atlantis Special Economic Zone is more than just an industrial project; it is a beacon of hope for a sustainable future. Through its focus on green technology, job creation, and strategic partnerships, the ASEZ is an environmental pioneer and is laying the groundwork for long-term economic growth. As the project continues to evolve, it will undoubtedly play a crucial role in shaping the future of the Western Cape and beyond.

Article by Cape Business News