The Dube Trade Port Special Economic Zone (DTP SEZ) Phase Two Project is an economic development expansion planned in KwaZulu-Natal Province, South Africa. The SEZ is set to undergo a US$1.2 billion expansion, according to reports unveiled by the then MEC for Economic Development, Tourism and Environmental Affairs, Sihle Zikalala. During the announcement, Zikalala referenced the outcomes of the first phase of the DTP SEZ, launched in 2010, noting expectations for continued growth as the second phase proceeds.

Dube trade port

Other than Dube trade port, expansion projects across South Africa are taking shape as the Durban terminal expansion project advances. South Africa’s state-owned Transnet SOC Ltd. has signed a concession agreement for the Durban Terminal expansion. The agreement was signed between Transnet and company led by Filipino billionaire Enrique Razon for the port’s expansion. The port is considered to be the continent’s busiest container hub. The deal marks the first port-privatization agreement in South Africa and signals push to improve efficiency at the country’s struggling ports. The agreement follows a similar move two years ago. In the agreement, Transnet awarded International Container Terminal Service Inc. the right to acquire nearly have of Container Terminal Pier 2. Furthermore, they are expected to manage it for 25 years. Under the new agreement, Razon’s firm will invest nearly $647 million to upgrade infrastructure and enhance operations at the terminal.