Umdoni summit aims to attract investment
As one of the economic hubs of the Ugu District and one of the five secondary investment nodes of the province, the municipality has significant investment and growth potential.
Umdoni Municipality is facing the challenges which are slowing down what could be a vibrant local economy head-on.
Its initiatives include hosting an investment summit – aimed at creating an enabling environment for investment opportunities for the local economy to thrive – on August 16.
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The summit will see the gathering of property developers, representatives of local business forums and key sector departments to forge long-term business relations to address some development challenges.
These challenges include low to moderate levels of economic activity, tight levels of unemployment, low skills base and high infrastructure needs, amongst others.
The summit aims to attract investment and create employment in new and existing industries, as well as to unlock the investment potential of key economic sectors within the municipality.
Also on the agenda is to improve the business environment through competitive transaction and regulatory costs, streamlined business licensing processes, well-developed local infrastructure and sound investment value proposition.
According to the municipality, this summit also aims to position it as an attractive investment destination for foreign and domestic investors, as well as retaining existing businesses within the municipality.
As one of the economic hubs of the Ugu District and one of the five secondary investment nodes of the province, the municipality has significant investment and growth potential, with agriculture and tourism being the main economic sectors that form the backbone of the Umdoni local economy.
Potential investors can visit the municipality’s website, www.umdoni.gov.za its Facebook page, www.facebook.com/umdonimunicipalitynews or check the Mid South Coast Mail to find out how they can be part of this initiative, the long-term aim of which is to ensure that Umdoni Municipality becomes the jewel of the South Coast by the year 2030.
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