Dube TradePort Special Economic Zone and Invest Durban won the coveted United Nations Award for excellence in promoting sustainable investment in special economic zones for South Africa.
They, along with Investment promotion agencies and special economic zone operators from China and Sri Lanka, received the awards on 11 November during the eleventh session of UNCTAD’s Investment, Enterprise and Development Commission held at the United Nation’s offices in Geneva, Switzerland. The awards were presented at the second Ambassadors’ Roundtable on Investing in the Sustainable Development Goals (SDGs).
Invest Durban and Dube TradePort Special Economic Zone won the award for their role in setting up partnerships and positioning KwaZulu-Natal as an attractive destination for high-value-added and export-oriented technology production.
The award particularly recognises the facilitation of the investment of R1.5 billion by Mara Phones, which is a subsidiary
of Mara Corporation, for the manufacturing of smartphones in the Dube TradePort Special Economic Zone.
“We are encouraged that our business model, combined with the sustainable investment requirements of Dube TradePort, has resulted in the winning of this internationally recognised award that speaks volumes to good business practice.”
“We are constantly looking to enhance our current productive capacity and technological innovation in order to further position Mara Phones as a global brand. After considering various options to locate, it was our view that Durban’s Dube TradePort Special Economic Zone best afforded us the geographic
advantage to execute on our strategy,” said Mara Corporation Chairman, Jagdish D. Thakkar.
He continued, “Our decision to take the investment to the Dube TradePort was also informed by imperatives for job creation and commercial sustainability, while being sure that the free zone
will continue to support us post launch as they have pre launch, for which we are very happy with our decision to locate in the Dube Trade Port”.
Professor Bridgette Gasa, Board Chairperson of Dube TradePort Special Economic Zone said: “We are thoroughly pleased with the internationally acclaimed Mara Phones decision to invest in Dube TradePort Special Economic Zone and having won this award, I believe these are a significant vote of confidence in our organisation as a dependable and trusted partner for a global player.”
“This international award recognises the very essence of our comprehensive policy framework, derived from national government policies, that ensures local communities are engaged through responsible procurement, enterprise development and localisation,” she said
“With the investment, new and vital employment opportunities are generated and localisation stops being a mere dream.
This is what the Mara Phones investment brings to Dube TradePort Special Economic Zone, our operating precinct, the community and the provincial and South African economy.”
“We are also very encouraged by the fact that the Mara Phones investment bears testament to the agility of our organisation
in aligning ourselves with the Presidential investment drive.”
“We are exceptionally pleased that a globally-acknowledged
and multi-disciplined investment group such as the Mara Phones, selected Dube TradePort Special Economic Zone for its smartphone production, and as a result we have been awarded the United Nations Investment Promotion Award for Excellence in Promoting Sustainable Investment in
Special Economic Zones.”
“The group’s substantial investment here is indicative of the confidence investors are showing in South Africa, KwaZulu-Natal and, especially, Dube TradePort Special Economic Zone. We fully endorse UNCTAD director of investment and enterprise, James Zhan’s sentiment for the need to direct more foreign investment
to sustainable development goal-related projects. Sustainable development is what we as a country, province and special economic zone strive for.”
“As a province and special economic zone, we have come to a point of enjoying an attractive investment profile, and have
in place well-established and serviced infrastructure, with institutional support designed
to fast-track the ease of doing business here,” she said.