Chinese vehicle manufacturer First Automobile Works (FAW) is set to create more than 1000 jobs in the Coega Industrial Zone when its truck assembly plant gets started in Port Elizabeth next year.
WBHO Construction was last week selected to construct the R200m plant, set for completion by December next year.
Zhao Dan FAW Project Manager for FAW Africa Investment said the agreement with WBHO would be signed in October, and construction would start in November.
“We are eager to turn the investment into reality.” he said.
The company’s investment at the Coega IDZ centred on the zone’s strategic location, proximity to the Port of Ngqura, logistical solutions offering, and the availability of skills in Nelson Mandela Bay and support mechanisms offered by Coega.
CDC’s Ayanda Vilakazi said the appointment of WBHO was “big news for the Eastern Cape, but particularly Nelson Mandela Bay because of the huge economic spin-offs for the city”.
WBHO’s Arnie van Jaarsveldt said Port Elizabeth residents and those that had been up-skilled on previous construction projects in the Coega IDZ would be the first to benefit.