W. Cape set to become major African oil, ship building hub

The appeal of Western Cape maritime ship building and repair sector as a hub servicing the West and East oil and gas industry appears to be catching on rather rapidly, Cape Business News (CBN) reports.

The South African Oil and Gas Alliance (SAOGA) believes the Western Cape is well positioned to become a top services hub for the African oil sector on the back of accelerated growth in Africa's oil-exporting economies.

According to CBN, one of the central nodes of the Industrial Development Zone (IDZ) would be setting up Saldanha Bay as a base for servicing the Oil and Gas Cluster and a Maritime Ship Building and Repair Cluster.

Read the full article on www.cbn.co.za


 
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