MegaBanner-Right

LeaderBoad-Right

LeaderBoard-Left

Home ยป Industry News ยป Sustainability News South Africa ยป The Atlantis Special Economic Zone: A vision for green economic growth and sustainable development

The Atlantis Special Economic Zone: A vision for green economic growth and sustainable development

The Atlantis Special Economic Zone (ASEZ) stands at the forefront of South Africaโ€™s transition towards a sustainable, low-carbon economy. Located on the West Coast of the Western Cape, this SEZ is dedicated to promoting the green technology sector, attracting investment in renewable energy, resource efficiency, and cleaner production. The vision for the ASEZ is to create a vibrant, innovative industrial hub that not only drives economic growth but also contributes significantly to the decarbonisation of the regional and national economy.

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 regionโ€™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.ย 

We envision the ASEZ as a catalyst for positive change, driving sustainable development not only in the Western Cape but across South Africa,โ€ says ASEZ CEO, Matthew Cullinan.

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 regionโ€™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 projectโ€™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 ASEZโ€™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 ASEZโ€™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.ย 

PARTNERSHIPS AND COLLABORATIONS

A cornerstone of the ASEZโ€™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 Africaโ€™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 ASEZโ€™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.

โ€œPartnerships are an essential part of the ASEZ,โ€ says Selwyn Willoughby, ASEZ Executive for Integrated Eco-Systems. โ€œOur 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.โ€

EXPECTED IMPACT ON THE WESTERN CAPE ECONOMY ANDย  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 regionโ€™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 ASEZโ€™s focus on green technology aligns with the Western Capeโ€™s broader economic strategy, which emphasises sustainability and innovation. The ASEZ is expected to become a hub for renewable energy projects, contributing to the regionโ€™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 ASEZโ€™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.

+27 021 495 4400
info@atlantissez.co.za
www.atlantissez.com

“Our long-term goal is to support investors and create jobs in a self-sustaining, innovative industrial hub that sets new standards for eco-industrial development and contributes to the global fight against climate change.”

To enquire about Cape Business News' digital marketing options please contact sales@cbn.co.za

Related articles

If the prime lending rate is phased out, what does it mean for consumers?ย 

If the prime lending rate is phased out, what does it mean for consumers?ย  By Therese Grobler, Head of Wealth Management at Momentum Financial Planning For...

How to Use a Voltage Tester: An Essential Guide for Electrical Safety and Efficiency

How to Use a Voltage Tester: An Essential Guide for Electrical Safety and Efficiency Fluke Electrical Application Note ย ย ย ย  Voltage testers are valuable tools for professionals...

MUST READ

SEW-Eurodrive sets the pace with power packs in African mining

SEW-Eurodrive sets the pace with power packs in African mining Comprehensively supporting the mining sector with commodity-specific drive train solutions, SEW-EURODRIVE has cemented its reputation...

RECOMMENDED

Privacy Overview

This website uses cookies so that we can provide you with the best user experience possible. Cookie information is stored in your browser and performs functions such as recognising you when you return to our website and helping our team to understand which sections of the website you find most interesting and useful.

Strictly Necessary Cookies

Strictly Necessary Cookie should be enabled at all times so that we can save your preferences for cookie settings.