Invest Durban - Facilitating Large Scale Investment Projects


Durban, KZN investment facilitation efforts have borne fruit, with the country taking home the Investment Promotion Award.

"South Africa's investment mobilisation drive is gaining traction and the latest data from South African Reserve Bank and the United Nations Conference on Trade and Development (UNCTAD) indicates a major increase in Foreign Direct Investments from previous years.

"We have turned the corner, improving our investment climate and investor facilitation service," said Trade and Industry Minister Rob Davies on Tuesday.

South Africa took home the Investment Promotion Award at the 2019 Annual Investment Meeting (AIM) held in Dubai. AIM is the world's leading FDI platform.

AIM recognized our facilitation of the most innovative and digitally orientated investment projects for 2018.

The ninth annual meeting attracted invest promotion agencies from around world, delegates from 140 countries, government officials, practitioners and investors.

Invest SA, Trade and Investment KwaZulu-Natal and Invest Durban will continue to lead efforts to improve the investment digital infrastructure environment, facilitation of digital skills development initiatives and with domestic stakeholders, it will address supply side constraints to enhance the attractiveness of the sector.

InvestSA has held targeted investment drives geared at growing uptake and usage of digital services that will support ICT enabled solutions across South African industrial sectors.

The award not only highlights South Africa's propensity to exploit opportunities offered by cloud computing, the Internet of Things and machine learning but supports South Africa's endeavours in 4IR industries,
said Davies.

Through the "One Stop Shop" approach, Invest SA, Trade and Investment KwaZulu-Natal and Invest Durban can compete among the best and is capable today of facilitating large scale investment projects and has developed a significant investment pipeline. 

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