The state of Nevada, home to the internationally-renowned major USA resort city, Las Vegas, is looking to partner with KwaZulu-Natal to grow the economy and ensure better opportunities for youth.
At a business seminar hosted by Trade and Investment KwaZulu-Natal (TIKZN) to welcome a delegation led by the governor of the state of Nevada, Brian Sandoval, discussion centred around several areas for collaboration to enhance bilateral trade such as aerospace, construction, consulting, cyber-security, logistics, security and advanced water technologies.
TIKZN acting chief executive, Neville Matjie said the collaboration was aligned with the organisation’s mandate to promote KZN as an investment destination.
“As Nevada’s first trade mission into Africa, and South Africa in particular, we are delighted that the potential for synergies and opportunities to enhance technology, commercialisation, bilateral trade and investment will be intensified through the partnership,” said Matjie.
According to him, InvestSA KZN, a one-stop shop under the auspices of TIKZN, will help unlock the economic growth potential of KZN and South Africa by creating a regulated climate conducive for the ease of doing business while advancing government’s commitment to attract foreign direct investment.
The governor of the state of Nevada affirmed his commitment and support to ensuring a successful partnership by extending an invitation to the South African delegation to visit the state and further the deliberations.
“It’s a great privilege to be here in KwaZulu-Natal. This is a historical moment for the State of Nevada. This is our first trade mission to South Africa and our first visit to KwaZulu-Natal. We see several areas of co-operation where we can work together with regard to tourism, mining, water, research and business. We look forward to the opportunity to work and learn from one another and to lift the quality of life for our citizens,” he proudly said.
In welcoming the delegation, the mayor of the eThekwini Municipality, Cllr Zandile Gumede said, “We need to explore how states, provinces and cities can work together to promote maximum growth, sustainable development, inclusion and transformation to benefit all citizens. Cities also have to ensure that they are geared for challenges and opportunities created by climate change.”
She added, “We also need to promote innovation and ensure that we participate meaningfully in the fourth Industrial Revolution. The enormous opportunities created by modern technology, particularly for youth, must be high on our agenda.”
Cllr Gumede said she is sure that their engagements with business leaders, teachers, researchers and government officials in Durban and the province will build positive and progressive relations and areas of cooperation for mutual benefit.
Also addressing the delegation was KwaZulu-Natal premier, Thembinkosi Willies Mchunu who said new business ventures in KZN and the formation of mutually beneficial partnerships were most welcome.
“As a country we aim to create 11 million new jobs by 2030 with 2,1 million new jobs in KwaZulu-Natal alone. For this to happen our economy must grow at more than 4% annually,” he said.
He added that creating an environment conducive to doing business was important.
“With our two harbours, Richards Bay and Durban, as well as the Richards Bay Industrial Development Zone, the state-of-the-art Dube Trade Port, as well as the King Shaka International Airport, we are determined to create win-win partnerships for our sister states in the world. Our road and rail network links us to the rest of South Africa, as well as neighbouring African countries. This means that the province is strategically positioned to be the logistics gateway into Africa and to the rest of the world,” he concluded.