KwaZulu-Natal MEC for Economic Development, Tourism and Environmental Affairs Nomusa Dube-Ncube today received and hosted investors from King Kong Organics (KKOG) in the United States of America who will be investing in the Dube Trade Port AgriZone. The Department, Premier's Office, Dube Trade Port and the Moses Kotane Institute were part of the briefing and a tour of the prospective facilities . The investment in the region of $5 million (R71 million) will see KKOG establishing a cannabis greenhouse facility after attaining a cultivation and extraction licenses as well as signing of a lease with the Dube Trade Port. The investment has the potential to create a huge value chain in the industry that will also help small growers with a market. KKOG is one of the world market- leaders in cannabis cultivation and are expanding their operations to South Africa and the African continent.
"We are mostly pleased with Dube Trade Port that continues to attract investments to this Special Economic Zone. With the Phase 2 already underway, we are confident that more direct foreign investment will come our way and in no time we shall have full occupancy of Phase 2. We also welcome the KKOG investment and look forward to working with them but also to help our own people establish the same facilities and enabling a competitive cannabis industry and its benefits, ", said Dube-Ncube
MEC shaking hands with the Head of delegation.
MEC Nomusa Dube-Ncube visiting the Dube Trade Port.
The delegation listen to the one of scientist take them through the process of planting.
MEC during the Meeting with the Delegation.