Page 17 - KZN Top Business Portfolio 2018

The construction of the new R200 million Durban growing regions in the country. Significant develop-
Cruise Terminal is expected to set Durban and ments including, Mount Edgecombe, Izinga, Zimbali,
KwaZulu-Natal to maximise South Africa’s share Simbithi Eco Estate, Mount Richmore, Dunkirk,
from the growing global cruise tourism industry. The Brettenwood, and Palm Lakes.
cruise terminal, which is set for completion in 2020
will be a world class and state of the art building Tongaat Hulett is a significant property developer in
accommodating cruise vessels. the province and is active in several large projects. Of
note, Sibaya Coastal Precinct is transforming not only
Construction the landscape, but is gearing towards making a lasting
and substantial impact on local and regional socio-
Several catalytic projects are underway, many because economics, while showcasing a convincing case for
of partnerships between the private and public sectors. property investment in Durban and along the KwaZulu-
Significant local and international property developers Natal coastline. Recent research highlights that the
such as UEM Sunrise Malaysia and others have retirement and education sectors are at the forefront
committed to invest billions of rand in new mixed-use of this demand.
developments across KwaZulu-Natal.
These include: Further along the coast, the eLan Property has been,
Blythedale Coastal Resort, will create the most unique
� Keystone Commercial Industrial Park at Inchanga and holistic family resort in South Africa.
� Mr Price Mega Logistical Hub at Hammarsdale
� Cornubia Precinct Development Tourism
� Sibaya Coastal Precinct
� Durban Point Development The Province is the market leader for domestic tourism
� Umhlanga Pearls R3 billion development in South Africa, as well as is number two in the country
� Multi-billion Rand Oceans development in terms of international tourism.
� The Clairwood Park, Kings Estate, Blythedale KwaZulu-Natal has great accommodation facilities,
Coastal Resort and Finningley Estate excellent beaches, game parks with the big five and
� Suncoast, Natal Command site, Centrum and splendid mountains. Two World Heritage sites, the
Exhibition Precinct iSimangaliso Wetland Park and the uKhahlamba
� Renishaw Hills Drakensberg Park are in the province.
The North Coast is cited as one of KwaZulu-Natal’s The excellent climate allows many sport and leisure
primary growth corridors and one of the fastest opportunities and a range of business opportunities

f Photograph courtesty of MHP Geomatics
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