An Industrial Development Zone (IDZ) is a purpose-built industrial estate linked to an international seaport or airport and which is capable of leveraging fixed direct investments in value-added and export-orientated manufacturing industries.
Industrial Development Zones (IDZs) are intended to promote the competitiveness of the manufacturing sector and to encourage beneficiation of locally available resources. Support could either include a turn-about strategy to attract investment or include a national programme for economic development to increase exports and the competitiveness of South African products.
|Attract foreign direct investment (FDI);|
|Attract advanced foreign production and technology methods in order to gain experience in global manufacturing and production networks;|
|Develop linkages between domestic and zone-based industries;|
|Provide world-class industrial infrastructure.|