Milestones
1998
Formation of the East London Development Zone Corporation – a section 21 entity entrusted with the development of an IDZ for East London
2001 | October
Application to DTI for a designation of an IDZ for East London
2002
1st International external audit for ISO 14001 certification
2002 | September
DTI designates an IDZ for East London
Department of Trade and Industry awards Provisional IDZ Operator’s Licence
2003 | May
Start of East London IDZ construction phase through the awarding of the first bulk infrastructure contract.
2003 | June
Change of East London IDZ into a private company owned 74% by the Eastern Cape Development Corporation and 26% by Buffalo City Municipality
2004 | January
Relocation of Leeches Bay informal settlement by East London IDZ in conjunction with Buffalo City Municipality
2004 | September
Launch of Leaches Bay Electrical Sub station
2005 | June
Announcement of the first three investors valued at R188 million
2005 | July
Finalisation of bulk internal infrastructure phase
2005 | October
Announcement of R112 million Foxtec-Ikhwezi investment
2006 | April
Sod - turning of the Automotive Supplier Park
2006 | December
Announcement of ASP investors valued at R395 million
2007 | December
Announcement of four new investors valued at R165 million
2008 | December
Announcement of seven new investors valued at R239 million
Construction of vehicle storage centre complete
