The Nelson Mandela Bay Business Chamber has signed a Memorandum of Understanding (MoU) with the South African Property Owners Association (SAPOA).
Both organisations are hoping to place the Nelson Mandela Metro on the global map, of real estate giants.
Through the MoU, the two will contribute to the region’s economic progress, improve property sector management and support business development, through building a resilient, globally competitive property market.
Denise van Huyssteen, Chief Executive Officer of the Nelson Mandela Bay Business Chamber, said this partnership highlights the commitment of both organisations to retain and create jobs and position the Nelson Mandela Bay, as a globally competitive and diverse investment hub.
“A well managed property sector is fundamental to the success of the city’s businesses, and this partnership will play a pivotal role in ensuring our property market is optimally managed to attract investment and create jobs. Our low cost of living and low property prices make the Bay an attractive investment destination for businesses and families” she said.
Neil Gopal, chief executive officer of SAPOA, also highlighted the importance of the partnership, “our collaboration with the Nelson Mandela Bay Business Chamber, represents a strong commitment to improving the region’s property landscape. The city has immense potential, and with the correct approach to the management of property development and management, it can become a key player in the global real estate market. We are excited about the opportunities this partnership will bring, both in the short and long term, ultimately positioning Nelson Mandela Bay as a leading investment destination.”
Picture: Supplied