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Atlantis declared a special economic zone

It's a much-needed boost for the area and could mean job opportunities for locals.

The streets of Atlantis in the Western Cape. Picture: EWN

CAPE TOWN - Atlantis stands to benefit as the area is to be declared a special economic zone.

It's a much-needed boost for the area and could mean job opportunities for locals.

Western Cape Economic Opportunities MEC Alan Winde has congratulated all spheres of government for working on Atlantis becoming a special economic zone.

“Thirty days were in the last stretch. Please comment and let's see the green economy going from strength to strength from here.”

Investors who set up shop in a special economic zone are eligible for tax reliefs and in some cases, an energy subsidy, making them attractive opportunities.

The City of Cape Town hopes to secure a further R1.8 billion by 2022, focusing on developing green technologies.

Capetonians have 30 days to have their say on the plans.

Winde says they want to turn the area into a green tech hub.

“The special economic zone for Atlantis, the green economic zone, is now open for comment. This zone is really the opportunity to get green manufacturing going.”