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Atlantis Special Economic Zone makes a mark with dual investor win, paving the way for growth and innovation

14th September 2023

     

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The Atlantis Special Economic Zone Company SOC Ltd (ASEZCo) is pleased to announce significant progress in its efforts to attract investment and foster economic growth within the region. Led by a dedicated and passionate business development team, ASEZCo has successfully secured its first two investors, marking a major stride towards its goal of becoming the leading hub for renewable energy and greentech manufacturing.

The first investor to join the Atlantis Special Economic Zone is Quantum V3 Holdings, a prominent acetylene gas manufacturer. The partnership with Quantum V3 Holdings is a testament to the attractive business environment that ASEZCo offers its tenants. The company's state-of-the-art factory, scheduled for completion by November 2024, is set to become a cornerstone of economic activity within the Atlantis Special Economic Zone. This collaboration not only bolsters the local economy but also signifies the growing confidence in Atlantis as a prime destination for industrial investment.

‘The investment and job growth coming through at the Atlantis SEZ highlights perfectly the opportunities of the green economy. The City looks forward to welcoming many more small businesses and Capetonians to be part of this booming market. We are proud to be a part of an initiative that will help to meet the metro and province’s existing and future energy demands and that is an example to the rest of South Africa,’ said Alderman James Vos, the City of Cape Town’s Mayoral Committee Member for Economic Growth.

In addition to the partnership with Quantum V3 Holdings, a dynamic nutritional company, Mint and Honey, has also committed to investing in the Atlantis Special Economic Zone. Mint & Honey is a private company focused on addressing food security in the Agro-Processing sector. Mint and Honey's choice to set up operations within the newly acquired ASEZCo property, the Economic Green Link Building (EGL), further underlines the Atlantis Special Economic Zone’s appeal as a thriving business ecosystem. This strategic move positions Mint and Honey to leverage the future clustering eco-systems available in the zone and drive innovation in the nutrition sector.

“These investments are a great example of how the ASEZCo creates suitable platforms for companies interested in operating in the greenest way possible. Utilization of existing infrastructure is key to unlocking opportunity for investors who need to capitalize on immediate market opportunities and further contribute to the sustainability of their operations. The ASEZCo has perfected this recipe of efficient and optimal utilization of existing infrastructure, whilst also providing world class green utilities to it’s investors and tenants. With the rapid and sustained growth of green technology imports into South Africa, the ASEZ is well positioned to accommodate any manufacturer wanting to tap into this market. We have embarked on a journey to develop a manufacturing cluster to attract solar, inverter, battery and wind turbine component manufacturers”, said Jarrod Lyons, Executive: Business Development.

As the momentum of investment attraction continues to build, and an attractive pipeline of upcoming investors in the works, the Atlantis Special Economic Zone is poised to attract further interest from both domestic and international investors. The business development team continues to actively engage with potential partners, showcasing the benefits and attractions of establishing a presence within the Atlantis Special Economic Zone.

Edited by Creamer Media Reporter

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