Africa-Press – Eswatini. The announcement of the Taiwanese Industrial Park in Eswatini heralds a promising future for the nation’s economy, with the potential to create approximately 10 000 jobs.
This initiative underscores the strengthening economic partnership between Eswatini and Taiwan. The partnership between these two countries began way back in 1968.
Key Details
– Minister’s Statement: Minister of Commerce, Industry and Trade Manqoba Khumalo confirmed the establishment of the park during a high-level delegation visit in Taipei.
– Land Allocation: Eswatini has allocated 158 hectares of land near the Royal Science and Technology Park (RSTP) for the park’s first phase, with plans to expand this to 500 hectares.
– Strategic Importance:
– The location provides access to major transportation routes.
– The park will have Special Economic Zone status, which offers competitive incentives to attract investors.
Recent Diplomatic Engagements
The establishment of the industrial park follows successful diplomatic efforts, including:
– The visit from Taiwan’s Foreign Affairs Minister to Eswatini.
– A productive investment forum held at the Mountain View Hotel, which has sparked increased interest from Taiwanese investors.
Economic Development Strategy
This project is a crucial element in Eswatini’s economic development strategy. The government is committed to facilitating the establishment of the industrial park and providing the necessary support to ensure its success, further enhancing Eswatini’s diplomatic and economic ties with Taiwan.
For More News And Analysis About Eswatini Follow Africa-Press
