Sibaya precinct set to transform KwaZulu-Natal investment landscape

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24-06-2025
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South African Government News Agency
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The Sibaya Coastal Precinct is set to be a game-changer for investment and job creation in KwaZulu-Natal.

The landmark R6 billion development is situated on the North Coast of the province. 

The precinct is expected to serve as a blueprint for future coastal developments, embodying a bold vision of progress, sustainability, and socio-economic transformation in KwaZulu-Natal.

“This development is not just a construction project—it is a statement that KwaZulu-Natal is open for business. It demonstrates what can be achieved when the public and private sectors come together with a shared purpose of creating opportunity and prosperity for our people,” KwaZulu-Natal Premier Thamsanqa Ntuli said at a ceremony to unveil the development on Friday.

The project is expected to generate over 70 000 jobs within the next five years.

Strategically located between Umhlanga and Umdloti along the North Coast, the Sibaya Coastal Precinct is set to become one of South Africa’s premier mixed-use developments.

The project includes residential, commercial, hospitality, and green space components, designed to integrate luxury living with sustainable urban planning.

Once completed, the development is expected to attract significant domestic and international investment, boost tourism, and support local economic development.

Ntuli commended the developers for their long-term vision and commitment to the province’s growth, noting that the investment marks a significant vote of confidence in the province’s economic resilience and potential.

The Premier emphasised that the provincial government is actively working to create an enabling environment for investment through intensified efforts to combat crime, improve infrastructure, and streamline development approvals.

“We are strengthening our partnerships with law enforcement and community safety structures to ensure this is a province where investors feel secure, and communities thrive. Fighting crime and lawlessness is not just a safety issue—it’s an economic priority,” the Premier said.

In addition to job creation, the precinct is expected to provide a substantial boost to the construction, property, retail, and tourism sectors.

The project will also support emerging businesses and contractors with dedicated efforts to include local small, medium and micro enterprises (SMMEs), and empower historically disadvantaged communities through enterprise development programmes.

The unveiling forms part of the province’s broader vision to reposition KwaZulu-Natal as South Africa’s leading coastal investment destination, driven by smart infrastructure, inclusive economic growth, and strategic partnerships.

Ntuli also used the occasion to thank all partners involved in the development, including the eThekwini Municipality, investors, contractors, and community stakeholders.

He reaffirmed the government’s commitment to working closely with the private sector to fast-track high-impact investments across the province.