East London IDZ to study competitiveness as investment site

16th March 2004 By: laurian clemence

The East London Industrial Zone (IDZ), located in the Eastern Cape, is to conduct a comparative study into its strengths and weaknesses as a potential investment destination.

It has, therefore, issued a tender calling for bids by individuals and firms with the necessary expertise to conduct such an analysis.

Once complete, the study will be used to assist potential investors in making informed decisions about locating offices or businesses within the zone.

The IDZ is an initiative launched by the Department of Trade and Industry, in a bid to encourage economic growth by promoting investment in export-orientated industrial development.

It currently comprises a duty-free 250 ha site within a 400 ha area.

The finished document must reportedly include a comprehensive comparative analysis between the East London IDZ and the other three designated IDZs in South Africa, as well as the East London depot and recognised international industrial zones.

Issues that should be dealt with in the study must include service costs, service connection costs, cost of serviced land and labour, infrastructure availability, incentive investment packages, development costs, competitive advantages, tax rates, major markets and environmental and health control management.

Potential bidders must have proven experience in industrial arenas, be actively involved with the empowerment of historically disadvantaged individuals and have an affinity to the region.

All submissions must be handed to the IDZ office in East London by March 23, 2004.