South Africa’s Oceans to be the country’s new gold – this creates genuine opportunities for Norwegian industry

Innovation Norway in South Africa is launching a new Global Growth program tailor made for the Norwegian maritime industry with the ambition and capacity to access tender and other opportunities in this market. 

Photo: Artem Sapegin

The African continent is the Land of Opportunity, with 20% of the Earth’s landmass, 17% of its population (1,25 billion), the fastest growth (2,5% per year) and the youngest population (19 vs 29-42 average age). Strategically located on the tip of the continent, South Africa  is the  third largest economy in Africa, behind Nigeria  and Egypt and the most  advanced economy in Africa.

South Africa has a 3 000km coastline and features in  major shipping route.  More than 90% of South Africa’s trade is by sea, carried on foreign flagged vessels, yet the country has a weak maritime industry and the maritime industry offers substantial opportunity for growth.

The maritime sector

South Africa’s government recognized that they must make sure that education and research in South Africa’s maritime sector have to be a priority to  benefit the economy.  In order for the  maritime sector to develop and eventually grow,  the country  need to focus and invest in the necessary skills and training.   There is large potential for increased cooperation between South African and Norwegian companies within the maritime sector.

The South African Government embarked on a dedicated program, Operation Phakisa, focused on unlocking the economic potential of South Africa’s oceans. Shipbuilding and Marine Manufacturing, Aquaculture and Offshore oil and gas are amongst the areas earmarked for growth.

South African shipyards have developed a footprint in the African market, but needs identified include design input, green and efficiency solutions.

Global Growth program

Innovation Norway in South Africa is launching a new Global Growth program tailor made for the Norwegian maritime industry with the ambition and capacity to access tender and other opportunities in this market.

The program will provide the participants with concrete business opportunities, give real insights from industry players and the opportunity to meet and network with key South African players and companies.

If your company has relevant solutions or products and are looking for business partners in this region then this might be the program for you.

Please feel free to contact me heidi.dahl@innovationnorway.no  if you have any questions or would like further information. 

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