Massive new development in KZN set to create over 36,000 jobs

The City of eThekwini has signed a memorandum of agreement to create the Brickworks Development in the Avoca Development Node, north of Durban.

The node measures approximately 350 hectares and has a potential capital investment of R10 billion, the city said.

“An estimated 23,000 construction jobs and 13,500 permanent jobs could be created. Investec Property have committed to ensuring that all contractors during the construction phase of the development will be required to create opportunities for local enterprises wherever possible.

“This to ensure that the Brickworks Development contributes meaningfully towards job creation and socio-economic transformation.”

As part of the city’s strategy to create a conducive environment for investment, it said it will offer a substantial rates rebate to investors and developers.

This forms part of the city’s Economic Development Incentive Policy (EDIP) that aids investment in the city that contributes to job creation, it said.

“The EDIP aims to position eThekwini as a preferred investment destination and focuses on supporting new investments based on their potential and future contribution to economic growth, spatial regeneration and job creation within the Municipal area, in accordance with the strategic objectives of the municipality.

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