Executive Committee Decisions

Executive Committee Decisions

Original Source: Tongaat Hulett Developments

Investor Roadshow to London a Success

eThekwini Mayor Zandile Gumede said the roadshow to London to attract investors to the city was a success, with 65 business to business meetings held with investors, financiers and those interested in the region’s offerings.

She provided the report back at an Executive Committee meeting held today, 12 June.

Mayor Gumede said that while 25 meetings were initially planned, this was increased to 65 to meet the demand.

“I would like to thank the Invest Durban team, together with our provincial government and businesses for organising this important mission to London. It was a success as we had fruitful engagements which we believe will have positive results for the people of KwaZulu-Natal and eThekwini,” said Mayor Gumede.

She mentioned that those with capital to invest attended the meetings to hear more about Durban and KwaZulu-Natal. They were also informed of the various catalytic projects underway in the city and local businesses as well as the region’s competitive advantages.

Mayor Gumede said that among the catalytic projects discussed were the Dube Tradeport which is the province’s flagship infrastructural development; Keystone Park, a logistics, warehousing and light industrial precinct; the Cornubia mixed-use development; Richards Bay Industrial Development Zone, a prime industrial and trade hub; the Beachwood high-security premium residential location and five star resort as well as the Oceans Mall Development and Durban Point Waterfront.

“Sporting business investments were also on offer via Amazulu Football Club, a Premier Soccer League Club based in Durban,” she added.

Moving forward, Mayor Gumede said that Invest Durban will be assisting businesses that met with the delegation abroad, as well as other businesses both local and international who did not, with follow-up information required in the coming weeks.

“This increased bilateral trade and investment will be beneficial to all communities in both the UK and Durban,” she concluded.

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