Local populace, as well as manufacturing investors and business
owners, are expected to benefit greatly from this cluster.
These benefits include:
opportunities for local companies and SMEs
for local populace throughout the value chain (i.e. sourcing
of raw materials to production, to marketing of products);
and skills transfer via collaboration
and R&D with industry experts and institutions;
Opening up opportunities
for branding and international recognition
through concerted promotion and marketing activities;
value to raw materials by manufacturing (downstream
products), hence capturing more value domestically.
foreign investments, especially in heavy industries
and automotive, and taking advantage of further business
opportunities and employment for the locals.
Benefits to investors include:
proximity to raw materials is an added advantage
for manufacturing operations in the Region;
sea ports and airports ensures reliable logistics
and transport of raw materials and products;
of Free Zones are added incentives in terms of
tax relaxation, centralised utilities and concentration
of operations facilities;
incentives package offers a wide range of financial
and operational benefits to investors.