The project is for the development of a dedicated Halaal Industrial Park within the Coega Industrial Development Zone (IDZ) which will be able to take advantage of all of the export orientated and efficiency enhancing incentives and programmes offered by the dti within the SEZ regime. The global market for Halaal food products and services is estimated at US$2.3 trillion of which food represent 64%.
It is estimated that South Africa could supply US$155 billion of this demand, mainly to the sub-Saharan Africa, Middle East and South-East Asia regions with fresh and processed products in the sub-sectors of food and beverage, cosmetics, pharmaceutical and nutraceuticals.
The project would create strong backward linkages into the primary agricultural sectors for the supply of input material as well as forward linkages to export, warehousing, distribution and marketing entities within the value chain.
Approximately 5 000 direct employment opportunities would be created with a significant 2.5 multiplier impact along the whole value chain.
The project will contribute to the development of suppliers and sub-suppliers by driving improved manufacturing efficiency along identified value chains, to achieve parity in cost efficiency (MVA per unit employee cost) with leading cost benchmarks.
The CDC would facilitate the land and infrastructure together with a primary purpose-built administrative facility and central common-user hub for the industrial park. A pre-feasibility study will be conducted to determine the viability and scope of the project.